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Tier Mobility and Spin lay off 100 more employees

TechCrunch LogoTechCrunch3d ago

Tier Mobility and Spin lay off 100 more employees - TechCrunch

Quick Summary:

Around a year ago, Tier Mobility was winning the shared micromobility game.

Fueled by its $200 million Series D fundraise in October 2021, the company went on to acquire three other micromobility operators and a computer vision startup, giving it access to e-bikes — a reach that extended beyond Europe and into the U.S.

As a result of previous restructurings, Tier is laying off around 80 workers, some of whom are under the Nextbike umbrella, to make up for redundancies.


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Article Details

Author / Journalist: Rebecca Bellan

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-25 @ 23:00:45 (3 days ago)

News Timezone: GMT -5:00

Ranking: #352 (out of 4765 stories this day)

News Source URL: techcrunch.com

Language: English

Article Length: 601 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 4795176

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News Last Updated: 12 hours ago

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