Photo by Amelia Holowaty Krales / The Verge
Bird, the beleaguered e-scooter company, received a loan worth between $5 million and $10 million from the federal government’s Paycheck Protection Program (PPP) in late April. The company said in its application to the Treasury Department and the Small Business Association that the loan would help it retain 341 jobs. But less than a month later, Bird laid off over 400 employees, or about 30 percent of its staff.
Bird was among the names of companies that got small business loans over $150,000 released today by the Treasury Department after lawmakers pushed for greater transparency. In addition to the scooter startup, there are a number of prominent autonomous vehicle firms, LIDAR makers, and other “mobility” companies on the list.
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