https://layoffcheck.com/companies/turo Layoff and WARN notices reported for Turo. en-us https://layoffcheck.com/companies/turo#2025-04 https://layoffcheck.com/companies/turo#2025-04-383 Wed, 16 Apr 2025 12:00:00 GMT 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 The company had formally withdrawn its IPO filing in February 2025, citing market conditions that were not conducive to going public.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. https://layoffcheck.com/companies/turo#2020-03 https://layoffcheck.com/companies/turo#2020-03-4310 Tue, 31 Mar 2020 12:00:00 GMT Turo reported a workforce reduction in SF Bay Area in March 31, 2020.