Lime lays off 13 percent of its employees

Lime has laid off 13 percent of its workforce due to financial difficulties presented by the COVID-19 pandemic, the scooter startup announced today. The layoff affects about 80 employees across “all teams and all regions around the globe,” CEO Brad Bao said in an email sent to employees.

“Almost overnight, our company went from being on the eve of accomplishing an unprecedented milestone — the first next-generation micromobility company to reach profitability — to one where we had to pause operations in 99% of our markets worldwide to support cities’ efforts at social distancing,” Bao said in the email. “Needless to say, while we thought we had planned for all possibilities this year, we did not anticipate a global pandemic.”

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