Updated Apr 30, 2020 - Economy

Layoffs hit scooter rental company Lime

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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