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Spin cuts San Francisco office space, announces layoffs – SFGATE

Shared Spin electric scooters are lined up on a street in Washington, D.C., June 11, 2019. 
One of San Francisco’s three permitted electric scooter operators announced layoffs this week. 
Spin will lay off 49 employees based at its Bay Area headquarters, with 78 total individuals, including contractors, permanently losing their jobs. The tech company also confirmed it would cease operations in Kelowna, Canada.
“Unfortunately, a combination of the external challenges the tech sector currently faces and the tightening of the funding market means that we have come to the difficult conclusion that we must make fundamental changes to the business in order to secure the long-term future of the company,” Lucas Beard, the vice president of growth and marketing for Spin, wrote to SFGATE in an email.
The scooter operator is also downsizing its office space, moving from its headquarters at 450 Mission St. into a smaller space in the Embarcadero Center.
Spin has more than 700 employees worldwide, Beard said.
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San Francisco’s three scooter companies, Bird, Lime and Spin, said just last week that they’d be restricting parking for the vehicles in the Tenderloin amid theft and vandalism concerns. Axios reported that Spin “encourages parking along blocks of Polk and Market Streets in the Tenderloin” and it’s working with the police department on these issues.
Tessa is a Local Editor for SFGATE. Before joining the team in 2019, she specialized in food, drink and lifestyle content for numerous publications including, The Bold Italic, 7×7 and more. Contact her at [email protected]