Lyft Slashes Over 1,000 Jobs, 26 Percent of Its Workforce

Lyft Slashes Over 1,000 Jobs, 26 Percent of Its Workforce
A Lyft pick-up area in Los Angeles, Calif., on Aug. 20, 2020. Mike Blake/Reuters
Bryan Jung
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Lyft announced that it would lay off 26 percent of its staff, becoming the latest company to initiate cuts in its workforce, as concerns over a potentially deep recession rise.

The decision, which was filed with the Securities and Exchange Commission on April 27, will affect 1,072 out of the roughly 4,000 employees at the rideshare company and eliminate 250 open positions.
Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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