Page 54 - David Risher News Today

Ride-hailing firm Lyft Inc said it will lay off about 1,072 employees, or 26% of its workforce, in one of the first steps by the new Chief Executive David Risher, sending its shares up by about 1% on Thursday.

Lyft announced Thursday that it will lay off more than 1,000 employees as part of an effort to cut costs. The news comes shortly after new CEO David Risher took over.

Ride-hailing app Lyft confirmed it would lay off 1,072 employees, roughly 26% of its corporate workforce, and not hire for an additional 250 positions.

Lyft said Thursday it will cut 26% of its workforce, or about 1,072 people as part of a restructuring plan.

Lyft will also eliminate more than 250 open positions in cost-cutting push

Nine companies announced this month job cuts affecting thousands of workers as economic uncertainties continue to plague businesses.

The US multinational conglomerate 3M notes that it will now focus on "emerging areas" to counter downward trends.

Lyft (LYFT) layoffs are on the way as the ride-sharing company's new CEO looks to cut a large number of employees from the payroll.

Sam Altman, Sundar Pichai, Tom Siebel, and Elon Musk are all worried about the fallout of generative A.I.

More than 173,000 tech workers have lost their jobs so far in 2023 as some of the biggest tech companies implemented layoffs that affected thousands.