Around a year ago, Tier Mobility was winning the shared micromobility game. Fueled by its $200 million Series D fundraise in October 2021, the company went on to acquire three other micromobility 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 had 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.
The most recent staff cuts follow Tier’s decision to let 180 employees go back in August, blaming a poor funding environment and uncertain economic conditions.