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Bounce to let go of 130 employees as Covid-19 impacts business

Shortpedia

Content Team

Scooter rental platform Bounce has announced to let go of 130 employees or 22% of its total workforce. This is the second instance in 2020 when the company has laid off as many employees due to impact on the business. Just before the first phase of the nationwide lockdown, Bounce had let go of around 120 employees, mostly from mid and senior-level with high pay packages, to cut costs and preserve capital.