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.