Zipcar

Zipcar, the car-sharing service owned by Avis Budget Group, is laying off 126 employees as it consolidates its corporate operations. This includes 65 staff at its Boston headquarters and 61 remote workers nationwide, with the layoffs effective by April 1. The move is part of a broader effort to improve long-term efficiency by shifting corporate functions to Avis Budget's global headquarters in New Jersey. While the Seaport office is closing, Zipcar's regional field and fleet operations will remain in Boston and other local markets to maintain service for members. This consolidation follows Zipcar's recent 25th-anniversary celebration and its decision to cease operations in the UK last December, citing revenue challenges from high energy costs. Avis Budget Group, a major mobility solutions provider with over $11 billion in annual revenue, acquired Zipcar in 2013.

Zipcar, the car-sharing service, laid off hundreds of employees last week, representing 20% of its total workforce. The cuts impacted all departments but were notably concentrated in engineering, product, and design roles. This significant reduction is part of broader restructuring efforts within the mobility and rental industry as companies navigate shifting market demands. Based in Boston, Zipcar operates as a mid-to-large scale company in the transportation and technology sector.