Turo Layoffs
Industry Transportation · Location SF Bay Area · United States · Subscribe (RSS)
Turo has 2 publicly reported layoff rounds on record between March 31, 2020 and April 16, 2025. A total of about 258 employees were affected across these rounds.
Layoff history
After shelving its long-delayed IPO, peer-to-peer car rental platform Turo cut 150 employees, about 17% of its workforce, on April 16, 2025. The company had formally withdrawn its IPO filing in February 2025, citing market conditions that were not conducive to going public. A spokesperson told Bloomberg: "Due to ongoing economic uncertainty and in order to strengthen our position for long-term growth, Turo has made the very difficult decision to reduce the size of our team by approximately 15%." Founded in 2009, the San Francisco company had raised over $500 million and carried a $1.5 billion valuation as of 2022. The cuts followed reputational headwinds after two high-profile incidents in early 2025 in which Turo-rented vehicles were used in attacks in New Orleans and Las Vegas, adding to investor skepticism about the platform's risk profile. No severance details were disclosed publicly.
Reason: IPO withdrawal, economic uncertainty, cost reduction
Source: bloomberg.com
Turo disclosed a workforce reduction affecting its SF Bay Area operations in March 31, 2020. Approximately 108 roles were eliminated.
Source: layoffs.fyi
Data for Turo is compiled from public WARN Act filings and reporting linked above. See our methodology.