Lime is the latest e-scooter operator to downsize

"Lime, the largest scooter sharing company in the world, is pulling out of 12 cities worldwide, including Atlanta, Phoenix, San Diego and San Antonio in the U.S. The company is also laying off about a hundred employees, or 14% of its workforce. Competitors Bird, Scoot, Lyft and Skip have also downsized over the last year as part of efforts to become profitable.

Shared electric scooters zoomed onto the scene with a lot of hype a couple of years ago, taking over cities around the world, some seemingly overnight. Bird and Lime were both quickly valued at more than $1 billion."