Page 62 - David Risher News Today

It's one of the first things the ride-hailing company's new CEO has done since he took over four days ago.

On Friday, Lyft CEO David Risher announced in a memo that employee layoffs are coming next week, marking his first decision since taking over the

Lyft is preparing to lay off hundreds of employees.

The latest reductions could affect 30% or more of Lyft’s 4,000 employees, and would follow layoffs of 700 people last year. 

Lyft Inc CEO David Risher said on Friday the ride-hailing company will "significantly" cut jobs in another round of layoffs to reduce costs, sending its shares up about 4%.

Lyft will “significantly reduce” the size of its workforce next week. The company did not specify the number of employees who will be affected, instead saying…

Lyft, which has struggled financially while trying to compete with its rival, Uber, said on Friday that it was planning major job cuts. The layoffs, which are…

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