TIER Mobility cuts 16% of staff

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German-based electric scooter company TIER Mobility achieved an incredible $2 billion valuation in October 2021. However, since then the company has encountered a challenging market. Investments in start-ups are slowing with a looming recession on the horizon. This is noted as a key factor in Tier Mobility’s plan to streamline its product offerings despite making numerous acquisitions over the…

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