Bird announced Wednesday it would lay off 23 % of its employees from different teams and regions across the globe .
The news , which wasfirst report by TechCrunchTuesday , add up after the motor scooter company unwrap it was off to a scratchy fiscal start in 2022 . When Bird denote itsfirst quartern earningsin May , reporting a smash in revenue , crying margin , and ride profits , founder and CEO Travis VanderZanden say that the company would be taking action at law to achieve profitability and realign its resources ( read : reduce costs by eliminating job ) .
Bird confirmed the layoffs , which will affect roughly 138 employees , to Gizmodo in an e-mail . The company had over 600 team members . Posts byformeremployeesonLinkedInfrom this week indicate that the layoff had already begin .
Bird is the latest tech company to announce layoffs in 2022.Photo: Gerard Julien / AFP (Getty Images)
“ While the want for and access to micro - electric vehicle Department of Transportation has never been greater , macro economical trends touch on everyone have result in an acceleration of our path to lucrativeness , ” Bird said in the statement . “ We also alas had to go with a identification number of team members who passionately aid make a new industry . ”
A stock certificate market spiral is bearing down on Silicon Valley . Bird is the latest tech companionship to announce layoff and other cost cutting measures , including lease freezes , joining the ranks ofRobinhood , Uber , andMeta . In one over-the-top case , Coinbase vacate joboffers it had made to hoi polloi via e-mail , proving that you could still find new ways to be a corporal asshole .
According to the company , all team members regard by layoff were given the news in one - on - one meetings with senior company official ; they were also provided with a human resources contact . Employees who were set off received a minimum of three workweek ’ ‘ severance , three month of health care coverage , extended example window for vested option , and their laptop , among other benefit .
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