New Lyft CEO David Risher announces plans to lay off hundreds of workers
by Associated Press from Technology | The Guardian on (#6B1N8)
Employees were informed via email that a significant' number would lose their jobs to cut costs and bring fares in line with Uber
The ride-hailing service Lyft is preparing to lay off hundreds of employees just days after its new CEO, David Risher, began steering the company with an eye toward driving down costs to help bring its fares more in line with its biggest rival, Uber.
Risher, a former Amazon executive, informed Lyft's workforce of more than 4,000 employees in an email posted online on Friday that a significant" number of them will lose their jobs. The message came at the end of his first week as Lyft's CEO.
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