Sharenow likely to lay off fewer employees than planned

After the sale of the car-sharing company, 36 percent of the jobs were supposed to be eliminated. Now it looks like there will be fewer.

At carsharing company Sharenow, a mass layoff is imminent, but it will be less severe than long thought. As Gründerszene reported, 36 percent of the more than 450 employees were to receive notice. So, in total, more than 150 people would be affected. A spokesperson for the company, on the other hand, told de Gründerszene that 50 employees are to be laid off in Germany.

The higher numbers come from a letter from the works council, which the Sharenow spokesperson says is outdated. A few months ago, Opel Group Stellantis took over the car-sharing provider, which was previously owned by Daimler and BMW. Layoffs have been expected since then. Sharenow was formed in 2019 from the merger of Car2Go and Drivenow.

Daimler posted a loss of €329 million on sales of €260 million for Sharenow before the sale. Neither carmaker was making money on the car-sharing model, although Sharenow has the world's largest fleet and also the most customers. At Stellantis, the joint venture will now become part of the existing infrastructure of its own platform Free2move.