Startup Bounce cut off staff upto 40%

Bengaluru-based bike-sharing platform Bounce has laid off about 40%-60% of its workforce as the demand for shared mobility remains low, 11 months after the initial Covid-19 lockdown and restrictions. This is the second round of layoffs in the past year, as the company could not revive its business even after the lockdown was lifted in most parts of the country.

Bounce employed over 600 people in June 2020, but had to lay off about 130 workers as its operations were shut. In the latest round of layoffs, 200+ employees are said to have been impacted, reducing Bounce’s workforce to 200.

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