Tier Mobility Layoffs

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German micromobility company Tier Mobility laid off 22% of its workforce in November 2023 as part of a continued push to achieve profitability. This marked another round of job cuts for the scooter and e-bike startup, following previous layoffs in 2022. Facing a challenging funding environment and stalled acquisition talks, the company has shifted its strategy from growth to cost reduction. CEO Lawrence Leuschner stated that while Tier improved its financial performance and expects profitability in most of its key markets for 2023, further cost reductions were necessary due to uncertain market recovery. The layoffs are aimed at lowering the operational cost base to reach sustainable profitability.

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