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Bird lays off staff after Spin acquisition to reduce redundancies

Bird, the shared micromobility company that was delisted from the New York Stock Exchange last week, is issuing another round of layoffs, according to an

Travis vanderzandenMichael washinushiShane torchianaYork stock exchangeNew york stock exchange

Bird Downsizes after Acquiring Spin, Aims for Leaner Operation

Bird Downsizes after Acquiring Spin, Aims for Leaner Operation
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Bird lays off staff after Spin acquisition to reduce redundancies

Bird, the shared micromobility company that was delisted from the New York Stock Exchange last week, is issuing another round of layoffs, according to an email interim CEO Michael Washinushi sent to the company. Bird has yet to respond to our questions for clarification, but we will update this story once they do. The reduction in headcount comes two weeks after Bird acquired Spin, another shared e-scooter operator based in the U.S. At the time, Bird said the geographic overlap between the two companies was "minimal."

Travis vanderzandenShane torchianaMichael washinushiYork stock exchangeNew york stock exchangeMichael washinushiNew york stock exchange

Bird acquires Spin scooters from Tier for $19M

Shared micromobility company Bird has acquired competitor Spin from Tier for $19 million, including $10 million in cash, $6 million in a vendor take back and $3 million as a hold back. Tier had purchased Spin from Ford back in March 2022 to expand its presence in the U.S., but Tier has struggled to maintain its lead and reach profitability. The email described the change as similar to when Tier purchased Spin from Ford, "the main change is that Spin is now a wholly owned subsidiary of Bird Rides Inc."

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Bird acquires Spin scooters from Tier for $19M

Shared micromobility company Bird has acquired competitor Spin from Tier for $19 million, including $10 million in cash, $6 million in a vendor take back

United statesSalt lake cityMichael washinushiShane torchianaBird rides incNorth america

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