Car rental startup Turo cuts 15% of workers after icing IPO

Car rental startup Turo cuts 15% of workers after icing IPO

a year ago
Anonymous $X6ng5gRvu6

https://www.eastbaytimes.com/2025/04/16/car-rental-startup-turo-cuts-15-of-workers-after-icing-ipo/

Car-rental startup Turo Inc. is cutting about 150 jobs after withdrawing plans for an initial public offering.

“Due to ongoing economic uncertainty and in order to strengthen our position for long-term growth, Turo has made the very difficult decision to reduce the size of our team by approximately 15%,” a spokesperson said in a statement to Bloomberg.

Car rental startup Turo cuts 15% of workers after icing IPO

Apr 16, 2025, 6:36pm UTC
https://www.eastbaytimes.com/2025/04/16/car-rental-startup-turo-cuts-15-of-workers-after-icing-ipo/ > Car-rental startup Turo Inc. is cutting about 150 jobs after withdrawing plans for an initial public offering. > “Due to ongoing economic uncertainty and in order to strengthen our position for long-term growth, Turo has made the very difficult decision to reduce the size of our team by approximately 15%,” a spokesperson said in a statement to Bloomberg.