Lyft announces latest wave of layoffs ...Middle East

The Hill - Technology
Lyft announces latest wave of layoffs
source : The Hill ( Middle East ) () 44
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 CEO earlier this month, said in the email that Lyft will "significantly reduce the size of the team," and will let employees know their employment status by next Thursday. He added that the decision to cut jobs is because Lyft needs to be a "faster, flatter company," which they can help achieve by cutting costs, like jobs. "I know this creates uncertainty between now and then, but given how many of you know or suspect this is coming, we wanted you to be prepared" Risher said in the email. "Unfortunately, your manager won’t have

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