TransportationUS

Lyft Layoffs

April 2020

Lyft announced a layoff affecting 982 employees (17% of its workforce) in April 2020. The company operates in the Transportation sector.

People Affected

982

Percentage

17%

Announced Date

Apr 29, 2020

About

Lyft, the ridesharing company, laid off 982 employees yesterday, which represents 17% of its workforce, and placed an additional 288 on furlough. This significant reduction across all departments comes as the company's revenue has plummeted by more than 50% due to the coronavirus pandemic. The layoffs reflect the severe impact on the transportation industry, with rival Uber also reportedly considering substantial job cuts.