Lyft logo in an illustration taken on June 27, 2022. (Dado Ruvic/Illustration/Reuters) Lyft Inc. CEO David Risher said on Friday the ride-hailing company will “significantly” cut jobs in another round of layoffs to reduce costs, sending its shares up about 4 percent.
The company declined to provide details on the number of affected staff, but the Wall Street Journal reported earlier in the day the move could impact 30 percent of Lyft’s workforce, or more than 4,000 employees.
The decision comes weeks after the newly appointed CEO said Lyft was not for sale, disappointing some investors who had speculated that the […]
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