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factory
Tier
corporate_fare
Transportation
where_to_vote
Berlin
paid
Funding Stage - Series D
person
Layoff Count - 180

Posted on August 23, 2022

Tier Mobility lays off 180 people amid poor funding climate

Tier Mobility lays off 180 people amid poor funding climate

Tier Mobility, the German micromobility giant that recently acquired Spin from Ford, is laying off 16% of staff, or 180 people, according to a LinkedIn post by CEO Lawrence Leuschner and an open letter from the executive that has been viewed by TechCrunch.

“Ultimately, we have to respond to the current economic and funding climate, reducing the number of projects and business lines we are focussing on as a company in order to accelerate our path to profitability,” wrote Leuschner.