Lyft ride app dismissal decision

Mobile transportation app Lyft said it will “significantly” reduce the size of its teams as part of the company’s restructuring plan.

The company’s chief executive officer (CEO), David Risher, emailed Lyft team members about the company’s restructuring plans.

Stating that they will reduce the size of the team “significantly” as part of the restructuring to focus on better meeting the needs of app users and drivers, Risher said they will report details on the employee situation next Thursday.

Risher noted that they were aware that this situation created uncertainty until that period and noted that they wanted employees to be prepared.

Speaking about the reasons why they made this decision, Risher explained that they need to reduce costs to ensure affordable rides, attractive earnings for drivers, and profitable growth.

Noting that his goal is to use these savings to invest in competitive pricing, faster pickup times and better profits for drivers, Risher stressed that all of this requires downsizing the team and organizational restructuring.

On the other hand, the Wall Street Journal, based on sources close to the matter, claimed that the layoffs in question could affect 30 percent or more of Lyft’s more than 4,000 employees.

THE DESIGNS CONTINUE IN THE TECHNOLOGICAL COMPANIES

The wave of layoffs in technology companies continues, which significantly increased the number of staff in the epidemic.

While rising inflation and a potential recession caused concern, many tech companies, especially in the US, began deciding to lay off thousands of people or suspend new hires starting last year.

It should be noted that among these companies, leading companies in the technology sector such as Meta, Amazon, Microsoft and Google’s parent company, Alphabet. (AA)