Lime Removes Scooters And Exits Many Markets Around The World In The Goal Of Being Profitable

Posted by at 1:31 pm on January 14, 2020

Lime has exiting or has exited markets recently.

In a blog post  Brad Bao, the CEO and co-founder of Lime, announced the company would be leaving 12 cities around the world in order to shift “our primary focus to profitability.”

Those cities include: Atlanta; Phoenix, Ariz.; San Diego, Calif.; San Antonio, Texas; Linz, Austria; Bogota, Colombia; Buenos Aires, Argentina; Montevideo, Uruguay; Lima, Peru; Puerto Vallarta, Mexico; Rio de Janeiro, Brazil; and São Paulo, Brazil.

With the closures, Lime is also reportedly laying off about 14 percent of its staff.

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