Lyft lays off 17% of workforce, furloughs hundreds more
Lyft is laying off 982 employees and furloughing 288 others in an effort to reduce operating expenses and adjust cash flows due to the Covid-19 pandemic, the company announced Wednesday in a regulatory filing. Lyft stock was up nearly 4% Wednesday afternoon, amid a broader market rally.The layoffs account for 17% of the workforce, Lyft said.…
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