US travel agency Lyft has laid off around 13 percent of its employees. The reason given by the Uber rival is rising inflation.
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the essentials in brief
- Uber rival Lyft has laid off 13 percent of its employees.
- Around 683 employees are affected by the savings measures.
- The reason for the layoffs is inflation and the impending recession in the USA.
The US travel agency Lyft has announced a job cut as part of a larger austerity plan in the face of inflation and recession concerns. 13 percent of the employees – around 683 employees – are to be laid off, as the Uber rival announced on Thursday.
“We are not immune to the realities of inflation and economic downturn,” company founders John Zimmer and Logan Green wrote in a memo to employees.
Lyft is preparing for a recession over the coming year. The company had already decided to stop hiring in the summer.
More on the subject:
Inflation
Uber
