At Lyft, ‘significant’ number of employees set to be laid off: Reports

By Jessica On Apr 22, 2023

Lyft is preparing to layoff ‘hundreds of employees’ in a development that, if true, will have come just days after the company welcomed a new CEO in David Risher.

FILE - A Lyft ride-hailing vehicle is parked near Empower Field at Mile High in Denver on April 30, 2020. (AP Photo/David Zalubowski, File) — FILE – A Lyft ride-hailing vehicle is parked near Empower Field at Mile High in Denver on April 30, 2020. (AP Photo/David Zalubowski, File)

According to reports, Risher, a former Amazon executive, wrote an email on Friday, informing staff of the impending layoffs. The mail, which came at the end of his first week as CEO, however, only mentioned a ‘significant’ number of people will lose their jobs.

The Wall Street Journal (TWSJ), on the other hand, said the number of employees who stand to be impacted is around 1,200 or 30% of the organisation’s 4,000-strong workforce.

What did the email say?

In his email, Risher explained the move was necessitated due to the ‘need to bring our costs down to deliver affordable rides, compelling earning for drivers, and profitable growth.’

Lyft, he noted, intends to start notifying those

(With agency inputs)

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