Voi

Swedish electric scooter startup Voi Technology laid off 120 employees, representing about 12% of its workforce, in February 2024. The cuts primarily affected full-time employees, consultants, and part-time staff in office roles, while field operations like mechanics were largely spared. CEO Fredrik Hjelm described the decision as difficult but necessary, citing the company's ongoing pursuit of profitability amid a challenging economic climate for the micromobility sector. This move follows Voi's efforts since mid-2022 to reduce central overhead costs by nearly 50, even as it reported growth in gross profit and margin the previous year. The layoffs reflect broader industry pressures, seen in similar restructuring and mergers among competitors like Tier and Dott.

Voi, the Swedish micromobility company, laid off approximately 35 employees in November 2023 as part of a strategic restructuring to accelerate its path to profitability. This reduction affected around 7% of its workforce, which was reported to be about 500 people at the time. The decision was driven by a need to streamline operations and reduce costs amid a challenging economic environment for the tech and shared transport industry. Voi, a prominent player in the European e-scooter and e-bike rental market, stated the move would help focus resources on core markets and sustainable growth.

Voi laid off 35 employees representing approximately 10% of its workforce on 2022-06-22.

Swedish electric scooter startup Voi, a European rival to Bird, implemented significant workforce reductions in early April 2020 to ensure its survival during the COVID-19 pandemic. The company laid off and furloughed most of its staff, including all employees on probation, some senior management, and roles across finance, engineering, design, and commercial. While the exact number of layoffs was not specified, the action was described as a drastic measure affecting a large portion of its workforce. The primary reason was to drastically cut costs and preserve the company's cash runway into 2021, as widespread lockdowns across Europe severely impacted the scooter-sharing industry during what should have been the peak season. Voi, which operated in over 38 cities across 10 European countries, leveraged national furlough schemes to mitigate the crisis while its management team took pay cuts.