Lyft plans to “significantly reduce” its workforce, the company’s new CEO David Risher told employees, in another round of layoffs as it struggles to turn a profit and pull off a turnaround
Lyft\n \n plans to “significantly reduce” its workforce, the company’s new CEO David Risher told employees on Friday, in another round of layoffs as it struggles to turn a profit and pull off a turnaround. In a company-wide memo, Risher said the cuts were aimed at making Lyft a “faster, flatter company where everyone is closer to our riders and drivers.” “I own this decision, and understand that it comes at an enormous cost,” Risher continued.
This is a hard decision and one we’re not making lightly. But the result will be a far stronger, more competitive Lyft.” Lyft announced last month that Risher, an Amazon veteran, would take over as CEO in April, and that co-founders Logan Green and John Zimmer will step down from their management positions at the ride-hailing company.
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