Lyft tightens its belt, laying off 17% of its workforce

Lyft tightens its belt, laying off 17% of its workforce

Angela Lang/CNET Lyft is significantly cutting back its staff. The ride-hailing company revealed in a regulatory filing on Wednesday that it’s terminating about 982 employees, which is 17% of its workforce.  Lyft said the layoffs are part of its efforts to reduce operating expenses and adjust cash flows because of “ongoing economic challenges resulting from […]