Lyft Layoffs
September 2024
Lyft announced a layoff affecting 30 employees (1% of its workforce) in September 2024. The company operates in the Transportation sector.
30
1%
Sep 4, 2024
About
Lyft is laying off approximately 30 employees, representing about 1% of its workforce of nearly 3,000, as part of a restructuring effort to cut costs. The ride-sharing company announced this move in late 2024, alongside discontinuing its standalone dockless bikes and scooters in certain U.S. cities. This decision follows intense competition from rivals like Uber and a forecast of weak quarterly performance. The restructuring, which includes renaming the division to "Lyft Urban Solutions," aims to save costs and boost adjusted operating income by about $20 million annually by the end of 2025.
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View Sourcewww.cnbc.comRelated Events
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