SAN FRANCISCO — Lyft is preparing to lay off hundreds of workers simply days after brand-new CEO Dpassionate Risher started guiding the ride-hailing service with a eye of driving down costs to assistance bring its fares more in line with its greatest competing, Uber.
Risher, a previous Amazon executive, notified Lyft’s laborforce of more than 4,000 workers in an e-mail published online Friday that a “significant” number of them will lose their tasks. It came at end of his veryfirst week as Lyft’s CEO.
The note didn’t define how numerous individuals would be rejected, however The Wall Street Journal reported that at least 1,200 staffmembers will be laid off. The report pointedout unknown individuals familiar with the cost-cutting strategies.
San Francisco-based Lyft decreased to supply extra information Friday, however stated more info will be launched next week.
Risher, who hadactually been a Lyft board member priorto being hired to change co-founder Logan Green, pointedout cost control as one of his leading concerns throughout a interview with The Associated Press quickly after his employing was revealed. By makingsure Lyft is “super effective,” Risher stated the business would be in a muchbetter position to lower its fares to lure back travelers who had moved to utilizing Uber more often since that service was deal