Lyft Implements Major Restructuring, Laying Off 26% of Workforce and Calling Employees Back to Office.
TL;DR Summary
Lyft's new CEO, David Risher, has announced that employees will be required to work in the office at least three days a week starting this fall, reversing the company's previous policy of fully flexible work. The decision comes after Risher laid off 26% of the company's workforce and aims to streamline the business, cut costs, and focus on improving the quality and lowering the price of Lyft's core product. Risher also plans to remind riders that Lyft is a viable alternative to Uber and gradually introduce products to increase interest in the platform.
- Lyft Employees Told to Return to Office as New Chief Executive Lays Out Vision The New York Times
- Lyft lays off 1,072 employees, or 26% of its team, in cost-cutting push Yahoo Finance
- Lyft to cut 1,072 employees, or 26% of its workforce CNBC
- Lyft is laying off 26 percent of employees Engadget
- Lyft cuts 26% of its workforce in major restructuring Seeking Alpha
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