Sunday, June 16, 2019
Home Business In Bird, the word is not a bird: they are layoffs

In Bird, the word is not a bird: they are layoffs

Photo: Jeff Chiu (AP)

Guys, it was a tough month for electric scooter startups.

Following the news that Lyft fired dozens of its scooter and bicycle employees earlier this month, Bird is the latest scooter outfit to mine. The information said on Friday that the company had fired around five percent of its employees, which equates to slightly more than three dozen employees.

A spokesperson for the e-scooter startup said that the redundancies occurred as part of the company's "changing requirements, geographic business requirements, and annual talent review process." As Bird focuses its efforts on service centers in local markets, the spokesman said it has "shifted the geographical work needs".

Bird, a key player in the ongoing take-up of e-scooters on the streets of the world, saw it double to $ 2 billion in two months after two rounds of financing totaling $ 400 million last summer.

The Wall Street Journal, citing people familiar with the matter, reported in December that the company's ambitious goals for additional funding of hundreds of millions had stalled after interest had cooled. Nevertheless, Bird is said to have collected another round of $ 300 million in January.

The news of the layoffs comes as the company tightens its belt and moves its focus from scaling to the "unit economics of the business," Bird CEO Travis VanderZanden told the information. However, the website found that the company currently has hundreds of vacancy vacancies, many of which are located at Santa Monica Headquarters.

At the beginning of the month, the scooter and bicycle division at Lyft had cut around 50 employees, TechCrunch reported. The layoffs, which accounted for just one percent of the company's workforce, reportedly involved employees in all departments and markets. A company spokesperson told TechCrunch that the layoffs were "part of our performance management process."

[The Information]

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