TransportationUS

Revel Layoffs

June 2024

Revel announced a layoff affecting 1,000 employees in June 2024. The company operates in the Transportation sector.

People Affected

1,000

Announced Date

Jun 6, 2024

About

New York-based electric vehicle startup Revel is laying off over 1,000 staff ride-hail drivers in June 2024, effectively eliminating its employee-based model. The company, which operates an all-Tesla ride-hail service and EV charging infrastructure, is pivoting to a gig worker model similar to Uber and Lyft. This strategic shift follows a pilot program where drivers expressed a preference for greater flexibility over employee benefits. The layoffs represent a significant workforce reduction as Revel abandons a key differentiator to align with industry standards and address recruitment challenges.