Voi Layoffs
April 2020
Voi announced a layoff affecting 100 employees in April 2020. The company operates in the Transportation sector.
100
Apr 2, 2020
Company Information
- Industry
- Transportation
- Country
- SE
- Region
- Stockholm, Non-U.S.
About
Swedish electric scooter startup Voi, a European rival to Bird, implemented significant workforce reductions in early April 2020 to ensure its survival during the COVID-19 pandemic. The company laid off and furloughed most of its staff, including all employees on probation, some senior management, and roles across finance, engineering, design, and commercial. While the exact number of layoffs was not specified, the action was described as a drastic measure affecting a large portion of its workforce. The primary reason was to drastically cut costs and preserve the company's cash runway into 2021, as widespread lockdowns across Europe severely impacted the scooter-sharing industry during what should have been the peak season. Voi, which operated in over 38 cities across 10 European countries, leveraged national furlough schemes to mitigate the crisis while its management team took pay cuts.
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support@layoffs.nlCompany Information
- Industry
- Transportation
- Country
- SE
- Region
- Stockholm, Non-U.S.