Zipcar’s parent company, Avis Budget Group, announced plans to shut down the car-sharing service’s Seaport headquarters in Boston. The company will consolidate its corporate functions at its New Jersey location, resulting in the loss of more than 100 jobs.
Despite the office closure, Zipcar confirmed that its car-sharing services in the Boston area will continue operating as usual.
**Why this matters**
The closure marks a significant shift in Zipcar’s corporate structure, reflecting broader changes within the company. While local services remain unaffected, the job cuts impact employees based in Boston, highlighting challenges in the evolving car-sharing industry.
Source: NewsData