Lyft Inc. on Thursday disclosed more details about layoffs reported last week. In a filing with the Securities and Exchange Commission, the ride-hailing...
Lyft Inc.
on Thursday disclosed more details about layoffs reported last week. In a filing with the Securities and Exchange Commission, the ride-hailing company said it is laying off 1,072 employees, or about 26% of its workforce, and has eliminated more than 250 open positions. It will incur costs of $41 million to $47 million for severance and other employee benefits in the second quarter, the company said.
on Thursday disclosed more details about layoffs reported last week. In a filing with the Securities and Exchange Commission, the ride-hailing company said it is laying off 1,072 employees, or about 26% of its workforce, and has eliminated more than 250 open positions. It will incur costs of $41 million to $47 million for severance and other employee benefits in the second quarter, the company said.
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Lyft to cut 1,072 employees, or 26% of its workforceRide-sharing app Lyft confirmed it would lay off 1,072 employees, roughly 26% of its corporate workforce, and not hire for an additional 250 positions.
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