Sunday, September 24, 2023

Lyft to Plans to Lay Off Resources in New CEO’s First Major Move

By ET Bureau - April 24, 2023 1 Mins Read

Lyft to Plans to Lay Off Resources in New CEO's First Major Move

On Friday, the CEO of Lyft Inc., David Risher, announced that the company plans to cut jobs in another round of layoffs to minimize costs.

According to a report by Reuters, the company did not disclose the details of the number of resources impacted by this layoff round. However, the Wall Street Journal highlights the move could impact nearly 30% of Lyft’s workforce or approximately 4,000 employees.

Read More: Lyft to ‘significantly’ cut jobs in new CEO’s first major move

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