Revel Layoffs
Industry Transportation · Location New York City · United States · Subscribe (RSS)
Revel has 1 publicly reported layoff round on record (most recent June 6, 2024). A total of about 1,000 employees were affected across these rounds.
Layoff history
Revel announced in June 2024 that it would eliminate roughly 1,000 employee driver positions as the New York City electric-vehicle ride-hail company abandoned its all-employee staffing model in favor of independent contractors. The transition, effective September 12, 2024, was framed as a response to driver demand for flexibility. "The leading reason people didn't want to join Revel was the lack of flexibility," said Haley Rubinson, VP of corporate affairs. Under the new model, contractors could rent Teslas from Revel's fleet at $10 per hour, with insurance, maintenance, and charging included. The company said a pilot with 100 drivers in February had gone well, with four of five participants recommending the gig arrangement. Revel's ride-hail division had recently turned gross-margin positive and was tracking toward EBITDA profitability by year-end.
Reason: shift from employee driver model to gig worker contractor model
Source: techcrunch.com
Data for Revel is compiled from public WARN Act filings and reporting linked above. See our methodology.