Boosted lays off significant portion of its employees

Boosted, the company that basically created the market for electric skateboards, has laid off a “significant portion” of its roughly 130-person team amid a serious cash crunch. Boosted’s CEO Jeff Russakow and CTO John Ulmen said in a blog post on the company’s website that the “Boosted brand will continue to pursue strategic options under new ownership.”

It’s unclear exactly how many were laid off, but two people with knowledge of the layoffs tell The Verge that an overwhelming majority of Boosted’s employees were let go with one week of severance. A few customer service and operations team members are being kept on to help wind down the business, these people say.

“We understand this news will come as a surprise to many of you, but...

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