san francisco The US ride-hailing service Lyft announced a new round of layoffs shortly after changing its boss. “We will significantly reduce the size of our team,” new CEO David Risher told employees on Friday. Costs would have to be reduced further in order to achieve “profitable growth”. Risher did not provide any information on the specific extent of the layoffs. According to information from the “Wall Street Journal”, at least 1,200 of the approximately 4,000 employees should go.
At Lyft, there had already been major job cuts in November. At that time, 13 percent of the workforce was to be laid off as part of a comprehensive savings plan. In March, company founders Logan Green and John Zimmer announced their retirement from the executive board. Former Amazon and Microsoft manager Risher was appointed as the new CEO. As one of his first official acts, he announced further layoffs. Lyft’s shares responded by jumping more than 6 percent.