TransportationGB

Karhoo Layoffs

May 2024

Karhoo announced a layoff affecting 0 employees (100% of its workforce) in May 2024. The company operates in the Transportation sector.

People Affected

Percentage

100%

Announced Date

May 16, 2024

About

Renault's mobility service Karhoo has ceased operations and entered administration for the second time, declaring the business "no longer financially viable" as of May 2024. This closure, which affects the entire workforce, marks the end of the company's seven-year journey under Renault's ownership. Karhoo, originally a taxi comparison platform launched in London in 2016, had previously collapsed and laid off 120 employees in its first iteration before being rescued in 2017. Operating within the competitive mobility and transportation technology sector, the company ultimately could not achieve sustainable viability, leading Renault to wind down the service immediately.