Ridecell Layoffs
May 2020
Ridecell announced a layoff affecting 35 employees (15% of its workforce) in May 2020. The company operates in the Transportation sector.
35
15%
May 14, 2020
About
Ridecell, an operations platform serving ride-sharing companies, laid off 35 employees last Thursday, representing 15% of its workforce. The layoffs are attributed to the struggles of its customers during nationwide lockdowns amid the coronavirus pandemic, which has severely impacted the transportation industry. This move places Ridecell among other transportation startups like Uber, Lyft, Zum, and HopSkipDrive that have also conducted significant layoffs recently. The affected employees include 16 engineers based in the Bay Area, highlighting the broader economic challenges faced by tech firms in the sector during this time.
Source
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