Car-sharing firm Getaround cuts 30% of jobs as part of restructuring ...Middle East

San Francisco: US-based car-sharing company Getaround, which helps vehicle owners rent out their cars, trucks and SUVs to other peers, has announced to lay off 30 per cent of its workforce as part of a restructuring. In a message to employees, Getaround founder and CEO Sam Zaid said that the decision to lay off workers is part of the company’s plan to better meet the global nature of the carsharing business. “Our focus on profitability and sustainable business growth necessitated this difficult workforce reduction program,” Zaid said in a statement. “We’ve made significant progress over the past year, including steady improvements in revenue growth and unit economics, as well as in overall

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