Lime lays off 100 workers and shuts down 12 markets

🌎 Mostly San Francisco ∙ 👩‍💼 100 employees (14%) ∙ 🖥 Various business roles

Lime, the electric scooter company, is shutting down 12 of its markets and laying off 100 employees (14% of its workforce). After a period of rapid expansion into new markets, e-scooter companies have been suffering large losses, causing them to retreat. Lime has raised $765 million to date.