Layoffs hit scooter rental company Lime
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.
- 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.