Page 61 - David Risher News Today

Move could help California-based company save 50 per cent of its costs, report says

Lyft reportedly preparing to let go 30% of workforce - SiliconANGLE

A week after assuming the role of CEO at Lyft, David Risher said on Friday that "we will significantly reduce the size of the team."

The layoffs come just days after David Risher stepped in as CEO. Lyft CEO David Risher told employees early Friday that the company will “significantly…

Lyft is cutting 1,200 employees — or 30% of staff — according to the WSJ. Associated Press Lyft plans to cut 1,200 jobs in an attempt to reduce costs,…

Lyft will cut around 1,200 jobs - around 30 percent of its entire workforce - in order to reduce its costs by around 50 percent.

Ride-sharing service Lyft is the latest company to announce a round of layoffs, CEO David Risher told employees in an email Friday. Risher, who took over as…

Lyft will "significantly reduce" its staff to cut costs, said CEO David Risher, who took over as the ride-hailing company's leader just this week.

Lyft is set to lay off hundreds of employees as new CEO David Risher aims to bring down costs and lower fares to attract passengers back from rival Uber. The move marks the second round of layoffs for the ride-hailing service, as it struggles to regain market share amid declining ridership and plunging stock prices.

Ride-share company Lyft is reportedly planning to cut at least 1,200 jobs, around 30% of its workforce, in a new round of layoffs to reduce costs.