Fair, a car subscription start-up that partners with Uber and is backed by SoftBank, will cut 40% of its workforce with immediate effect. Several co-founders and CFO are also being let go.
The start up is only 26 months old and is based in California. In a previous 350 M$ funding round, the company was valued at well above 1B$. To date Fair has raised about 500 M$ in equity and 1.5 B$ in debt.
That’s embarrassing pic.twitter.com/26gdf9nXes
— Hipster (@Hipster_Trader) October 24, 2019