Ride-share company Lyft announced Thursday that it has plans to slash its total headcount by 13%, with approximately 683 workers being impacted.
The Lyft employees affected by the layoffs announced Thursday will receive at least 10 weeks of pay, with those who worked at the company for more than four years getting an additional four, according to the memo. They will also getIn September, Lyft spokesperson Ashley Adams told FOX Business that the ride-share company was"pausing hiring for all U.S.-based roles through the end of the year.
Lyft expects the layoffs to come with roughly $27 million to $32 million in costs "related to employee severance and benefits costs," it said in an SEC filing.The company also has plans to sell its first-party vehicle service business amid its cost-cutting efforts, Green and Zimmer said. Workers with roles in that segment are expected to get positions with the company that takes it over, according to the memo.," the Lyft co-founders said.
Lyft’s outlook for its third quarter remains unchanged, according to the company. It is scheduled to release
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Lyft announces layoffs of 13% of workforce in anticipation of recessionRideshare company Lyft plans to announce layoffs for 13% of its workforce, or 700 employees, in a company meeting Thursday morning, stating the company was preparing for a recession and other challenges.
Baca lebih lajut »
Lyft to lay off 13% of staff | CNN BusinessLyft on Thursday said it will lay off 13% of its staff, or nearly 700 employees, as it rethinks staffing amid rising inflation and fears of a looming recession.
Baca lebih lajut »
Lyft lays off 13% of workers in second round of cuts this year, maintains financial guidanceLyft is laying off 13% of its workforce, which amounts to about 650 jobs, in what its executives are calling a proactive step as they look to a possible recession and plan for the coming year.
Baca lebih lajut »
Lyft to lay off 683 employees in cost-cutting pushLyft Inc said on Thursday it would lay off 13% of its workforce, or about 683 employees, in the ride-hailing firm's latest cost-cutting step to cope with a weakening economy.
Baca lebih lajut »
Lyft Cuts 13% Of Its Staff While Stripe Slashes 14%—Here Are The Biggest U.S. Layoffs This YearForbes is tracking the biggest layoffs in the U.S. this year as companies react to fears of a looming recession.
Baca lebih lajut »
San Francisco-Based Lyft to Lay Off Nearly 700 EmployeesRide-hailing service Lyft is cutting 13% of its workforce, almost 700 employees, as it attempts to reduce operating expenses.
Baca lebih lajut »