TransportationAU

Zoomo Layoffs

October 2022

Zoomo announced a layoff affecting 65 employees (16% of its workforce) in October 2022. The company operates in the Transportation sector.

People Affected

Percentage

16%

Announced Date

Oct 4, 2022

About

Zoomo, an electric vehicle fleet company, announced on October 4, 2022, that it is laying off 16% of its global workforce to navigate a challenging economic climate. The decision, aimed at building a more resilient business for 2023, comes as the company faces softened demand and tighter capital compared to the previous year's abundant resources. This restructuring affects every department, involving a reduction in roles that no longer align with a focused strategy, along with deprioritizing operations in some cities and pausing select projects. The layoffs are part of Zoomo's effort to accelerate profitability and strengthen its position in the commercial micromobility industry, despite the personal impact on employees, whom the company is supporting through the transition.