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Lyft Is Cutting 13% of Staff to Cope With ‘Tough Reality’

  • Company maintains previously issued financial guidance
  • Co-founders see strains from inflation and slowing economy
Updated on

Lyft Inc. said it will cut 13% of staff as the ride-hailing company tries to cope with a difficult economic backdrop, according to a memo to employees viewed by Bloomberg.

The cuts will amount to about 683 employees, the company said in a filing. The San Francisco-based company will also divest its first-party vehicle service business, and expects workers in that division will be offered positions by the buyer.