The tech industry’s layoffs and hiring freezes: all of the news
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Lyft lays off nearly a third of its employees.
That translates into 1,072 workers that will be out of a job after the company said it would undertake a “restructuring” to reduce operating costs. These layoffs come after the beleaguered ridehail company laid off 13 percent of staff last November. Lyft’s May 4th first quarter earnings call are sure to be brutal. The company’s share price fell off a cliff earlier this year and has yet to really recover.
Lyft lays off 1,072 employees
[Fast Company]
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