Bengaluru: Bounce has laid off 40-60% of staff, as the demand for shared mobility remains subdued 11 months after initial lockdowns to curb the spread of Covid-19 pandemic. This is the second major round of layoffs at Wickedride Adventure Services, which operates the on-demand two-wheeler rental service, since the coronavirus outbreak. The company has reduced headcount to 200 people, according to people privy to the matter. Bounce had laid off 130 workers.
Hiring? Create your free Drafted account
Create you free account to join companies like Better.com and Karat who use Drafted to power their referral hiring.
The Layoff List was created in 2019 and is free for the community. Tips reported are left anonymous unless they explicitly ask to be included as a source. We verify a majority of tips and include independent sources, but for tips that we are unable to verify we separately categorize them as unverified reports to avoid misrepresentations.