Tier Mobility Layoffs
August 2022
Tier Mobility announced a layoff affecting 180 employees (16% of its workforce) in August 2022. The company operates in the Transportation sector.
180
16%
Aug 23, 2022
About
German micromobility giant Tier Mobility laid off 180 employees, representing 16% of its staff, on August 23, 2022. The company, previously valued at $2 billion, cited the poor economic and funding climate as the primary reason, stating it needed to reduce projects and business lines to accelerate its path to profitability. The layoffs, concentrated in Berlin, affected various teams, with marketing, market development, and technology being hit hardest. This move followed a period of aggressive expansion, including acquisitions like Spin and Nextbike, and reflects a broader trend of cutbacks in the late-stage tech and transportation sectors as companies adjust to challenging market conditions.
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