Tier Mobility-owned Spin lays off about 10% of workforce, exits two markets

Spin, which was acquired by Tier Mobility earlier this year, has laid off about 10% of its staff — including a number of executives — and is exiting Canada and Seattle, TechCrunch has learned.
The micromobility company informed its workforce of more than 700 during a Friday all-hands meeting that lower-than-expected demand in the U.S. amid the waning pandemic, along with economic conditions such as rising inflation and a tightening VC funding environment, led to the decision.
About 78 people, the majority of whom are white-collar workers based in its San Francisco headquarters, have been laid

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