Around a year ago, Tier Mobility won the shared micro-mobility game. Fueled by its $200 million Series D fundraise in October 2021, the company went on to acquire three other micro-mobility operators and a computer vision startup, giving it access to e-bikes a reach that extended beyond Europe and into the U.S. and the tech needed to assuage politicians’ fears over safety.
Today, Tier is in the midst of another round of layoffs. As a result of previous restructurings, Tier is laying off around 80 workers, some of whom are under the Nextbike umbrella, to make up for redundancies. Tier purchased the German bike-share startup in November 2021 to expand its vehicle offerings beyond e-scooters.
Tier said the layoffs announced Wednesday will affect 7% of its overall staff headcount. While some teams will be more affected than others, the restructuring affects employees across the organization.