Lyft to Lay Off About 700 Employees in Second Round of Job Cuts



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Lyft Inc. Said it's far slicing thirteen% of workforce, or almost seven-hundred jobs, the modern-day generation agency to mention it had to reduce expenses in advance of uneven economic conditions.

Co-founders John Zimmer and Logan Green brought the cuts to workforce Thursday. “There are severa worrying situations playing out during the economic system. We’re managing a probable recession sometime inside the next yr and rideshare insurance fees are going up,” they wrote in the memo considered via The Wall Street Journal.

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