TransportationUS

Turo Layoffs

March 2020

Turo announced a layoff affecting 108 employees (30% of its workforce) in March 2020. The company operates in the Transportation sector.

People Affected

108

Percentage

30%

Announced Date

Mar 31, 2020

About

Last month, Turo, a car-sharing company, laid off 108 employees, which represents 30% of its workforce. The layoffs affected all departments and were a direct result of the COVID-19 pandemic, as shelter-in-place orders drastically reduced consumer demand for car rentals. This downturn has similarly impacted competitors like Getaround and Zipcar, highlighting widespread challenges in the sharing economy during the crisis.