Ride-share companies hit again as Lyft lays off 900 employees, furloughs hundreds more

Ride-share companies hit again as Lyft lays off 900 employees, furloughs hundreds more

4 years ago
Anonymous $9CO2RSACsf

https://thenextweb.com/shift/2020/04/30/lyft-lays-off-over-900-staff-hundreds-more-furloughed-take-pay-cuts/

In an SEC filing made earlier this week, ride-sharing service Lyft said that it would be making 988 staff members redundant, and 288 would be furloughed.

The move is an attempt to cut operating costs and overcome the economic downturn caused by the COVID-19 pandemic, CNBC reports.

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