Updated Apr 30, 2020 - Economy

Layoffs hit scooter rental company Lime

Kia Kokalitcheva

Illustration of a man on a scooter moving out of frame — Illustration: Sarah Grillo/Axios

E-scooter company Lime is preparing to lay off between 80 and 100 employees, Axios has learned from a source close to the situation.

The big picture: While Lime made some job cuts in January to chase profitability, pandemic-related lockdown orders have changed the company's math.

The big picture: Lime isn't the only e-scooter company doing layoffs. Bird eliminated 400 positions last month, while Lyft today disclosed plans to lay off 17% of its workforce.

Bloomberg earlier reported that Lime plans to lay off 190 people, but our understanding is that the number is significantly lower.
A Lime spokesperson declined to comment.

Update: On Thursday morning, Lime announced internally it's laying off 83 employees, or 13% of the company.

The cuts are across all teams and geographic areas.
Severance packages include between four and eight weeks of pay, plus three months of health care coverage for U.S. employees, a source tells Axios.
Read Lime's blog post, including CEO Brad Bao's email to staff.

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Layoffs hit scooter rental company Lime

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