Lyft lays off 13% of workforce as it tries to slash operating expenses

Lyft lays off 13% of workforce as it tries to slash operating expenses

2 years ago
Anonymous $_PGtSJbg8h

https://techcrunch.com/2022/11/03/lyft-lays-off-13-of-workforce-as-it-tries-to-slash-operating-expenses/

Lyft said Thursday it is laying off 13% of its workforce as it tries to reduce operating expenses, according to a securities filing.

The ride-hailing company described the cuts as proactive step to ensure it “is set up to accelerate execution and deliver strong business results in Q4 of 2022 and in 2023.”