One of San Francisco’s three permitted electric scooter operators announced layoffs this week.
R&I~Smit
Spin will lay off 49 employees based at its Bay Area headquarters, with 78 total individuals, including contractors, permanently losing their jobs. The tech company also confirmed it would cease operations in Seattle, where it only operated e-bikes, and Kelowna, Canada.
“Unfortunately, a combination of the external challenges the tech sector currently faces and the tightening of the funding market means that we have come to the difficult conclusion that we must make fundamental changes to the business in order to secure the long-term future of the company,” Lucas Beard, the vice president of growth and marketing for Spin, wrote to SFGATE in an email.
LivinInTheUSA
Article URL : https://www.sfgate.com/local/article/sf-e-scooter-company-layoffs-17491885.php