Getaround to Layoff 30%

Getaround is an online car sharing or peer-to-peer vehicle loaning service that helps owners rent out their vehicles to other drivers for a price. It was founded in 2009, with its headquarters in San Francisco, California. The company boasts of 5 million users and approximately 20,000 connected cars worldwide as of 2019.

According to reports, Getaround has announced plans to lay off 30% of its workforce in North America, in a restructuring initiative aimed at reducing costs and focusing on profitability and sustainable business growth. The report further mentions that the restructuring plan is expected to save $7 million USD annually.