Lyft gears up to make 'significant' layoffs under new CEO

Lyft gears up to make 'significant' layoffs under new CEO

a year ago
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https://apnews.com/article/lyft-layoffs-technology-job-cuts-5847370c29a4009e5ec73cff01af4821

SAN FRANCISCO (AP) — Lyft is preparing to lay off hundreds of employees just days after new CEO David Risher began steering the ride-hailing service with a eye of driving down costs to help bring its fares more in line with its biggest rival, Uber.

Risher, a former Amazon executive, informed Lyft's workforce of more than 4,000 employees in an email posted online Friday that a “significant” number of them will lose their jobs. It came at end of his first week as Lyft's CEO.

Lyft gears up to make 'significant' layoffs under new CEO

Apr 21, 2023, 10:17pm UTC
https://apnews.com/article/lyft-layoffs-technology-job-cuts-5847370c29a4009e5ec73cff01af4821 > SAN FRANCISCO (AP) — Lyft is preparing to lay off hundreds of employees just days after new CEO David Risher began steering the ride-hailing service with a eye of driving down costs to help bring its fares more in line with its biggest rival, Uber. > Risher, a former Amazon executive, informed Lyft's workforce of more than 4,000 employees in an email posted online Friday that a “significant” number of them will lose their jobs. It came at end of his first week as Lyft's CEO.