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Bird is laying off 23% of staff

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Re: Bird is laying off 23% of staff

#7
post #5

The whole 'micromobility' market has become too saturated. This was just a matter of time.

It hasn't started... They are all losing so much money with absolutely no way of making money back. It's insane.

It has to look good on paper though. I don't know the cost of maintenance of these scooters, but the rides are terribly expensive in my area. I mean If I wanted to commute using these, I'd have to pay almost $10 one way (one more reason to prefer cycling!). This is probably a fraction of the cost of energy. On the other hand, I'd hate to be servicing these.

Re: Bird is laying off 23% of staff

#8

Earlier quoted context omitted.

It hasn't started... They are all losing so much money with absolutely no way of making money back. It's insane.

It has to look good on paper though. I don't know the cost of maintenance of these scooters, but the rides are terribly expensive in my area. I mean If I wanted to commute using these, I'd have to pay almost $10 one way (one more reason to prefer cycling!). This is probably a fraction of the cost of energy. On the other hand, I'd hate to be servicing these.

The service and fines that they get are a huge cost. And as you said, once pricing goes up people won't ride them as much. It becomes serious overhead.

Re: Bird is laying off 23% of staff

#10
post #5

The whole 'micromobility' market has become too saturated. This was just a matter of time.

It hasn't started... They are all losing so much money with absolutely no way of making money back. It's insane.

From the company founders' perspective it was never meant to make money, merely generate "growth & engagement" and the prospect of a monopoly in order to solicit VC funding.

For this task it worked perfectly, at least at the beginning. Thankfully the "growth & engagement" cesspool is finally draining and this is the expected result.

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