Scooter startup Bird cut almost a third of its workforce in an online call on Friday morning, as the cash-guzzling startup prepares for the 'black swan' event to dry up funding.
The three-year old company, based in Santa Monica, Calif., did not say how many employees were affected by the layoffs but told Business Insider they amounted to 30% of the company's staff. Bird said the affected employees, who have been working at home because of the pandemic, were notified of the layoffs on a web call on Friday morning. But Bird said that the video feature on the web call was switched off.
"Each individual then received a call or email from Bird's talent team as a follow up," the company added. "Due to the financial and operational impact of the ongoing COVID-19 crisis, we are saying goodbye to about 30% of our team," the memo, which was obtained by Business Insider, said. Bird said it is providing four weeks of pay, three months of health coverage and an extended time frame of 12 months for laid-off workers to exercise their stock options. The coronavirus outbreak has caused financial markets and the economy to reel, and has already prompted startups like Wonderschool and TripActions to begin laying off workers in an effort to cut costs.
techinsider All those scooters are trash and anyone dropping them off should be fined for littering
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