Getaround, a digital car-sharing marketplace, has announced a restructure to prioritize profitability and globalization, resulting in a 30% reduction in its North American workforce. This move is expected to save $7 million annually but will cost the company around $1 million. Despite this, CEO Sam Zaid believes the company is well-positioned for the future. It’s a tough but necessary decision, but it’s also reflective of the challenging economic climate many businesses are facing. Is this a sign of things to come for other companies in the digital marketplace?
Read the Full Article