Lyft to make ‘significant’ cuts across ride-hailing company

Lyft’s newly appointed CEO David Risher told employees in an email Friday that the company is significantly reducing its workforce as part of a restructuring effort.
Risher said the restructuring is part of Lyft’s plan to “better meeting the needs of riders and drivers.” The company confirmed that it has not changed its guidance for the first quarter in spite of the upcoming layoffs.
Lyft doesn’t employ drivers who use the ride-hailing app to pick up and drop off riders. Instead, the layoffs will be directed at the company’s more than 4,000 full-time employe

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