Automatic Layoffs
May 2020
Automatic announced a layoff affecting 0 employees (100% of its workforce) in May 2020. The company operates in the Transportation sector.
0
100%
May 1, 2020
About
Automatic, a connected car hardware startup acquired by SiriusXM, is shutting down all operations on May 28, 2020, as a direct casualty of the COVID-19 pandemic. The company, which produced a popular dongle for car monitoring and driver insights, informed customers that its services—including crash alerts and roadside assistance—will cease. Founded in 2011 and purchased for over $100 million in 2017, Automatic cited the adverse economic impact of the pandemic as the reason for discontinuing its product and platform, ending support for all device generations and offering limited rebates to customers.
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