Bird exited Germany, Sweden, Norway and dozens of cities to stop the bleeding

A shared electric scooter company operating across the US, Europe, the Middle East and Africa.

Bird was one of the first companies to take advantage of the lack of clear rules around dockless vehicles. By October 2022 it had replaced founder-CEO Travis VanderZanden with president and COO Shane Torchiana, laid off 23% of staff since the start of the year, and shut its nascent retail scooter and bike business.

The company announced it was exiting Germany, Sweden and Norway plus 'several dozen' small- to mid-sized cities across the US, Europe, the Middle East and Africa, with an undisclosed number of layoffs in affected markets. It declined to name which cities it was leaving.

Bird framed the retreat as a plan to reach financial self-sustainability, redoubling efforts in cities with mature regulatory systems. The Verge noted the irony of citing regulation as the reason for leaving, given Bird grew by exploiting the absence of it.

Oversupplied, lightly regulated markets produced rotating competitors and losses no operator could invest through.

Retreating to cities with mature frameworks concentrates capital where permits protect unit economics.

Not naming the exited cities avoided signalling weakness to the regulators Bird still needed elsewhere.

The leadership change gave the company cover to reverse its founder's growth-at-all-costs playbook.

A first-mover's unfair advantage — regulatory gaps — becomes a liability when oversupply turns those markets cash-burning; operate where the rules pay for the ride.

As of the announcement, Bird remained public with Torchiana as CEO, its market cap at $110 million, and its strategy narrowed to self-sustaining markets. The Verge reported no target date for reaching sustainability.