Lyft to "significantly reduce" workforce under new CEO
CBSN
Lyft is preparing to lay off hundreds of employees just days after new CEO David Risher took the helm of the ride-hailing service. It's the latest in a series of layoffs that have rocked the once high-flying technology industry.
In a blog post Friday, Risher told employees the company would "significantly reduce" the workforce as part of restructuring. Risher, a former Amazon executive, said the cuts were aimed at making Lyft a "faster, flatter company where everyone is closer to our riders and drivers."
"I own this decision, and understand that it comes at an enormous cost," Risher continued. "We're not just talking about team members; we're talking about relationships with people who've worked (and played) together, sometimes for years." The note came at end of his first week as Lyft's CEO.
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This story previously aired on Feb. 10, 2024. It was updated on Feb. 15, 2025. AMIE HARWICK (video): You can seek therapy to address an issue like depression, anxiety, a breakup. You can also seek therapy to be a better you! GARETH PURSEHOUSE (voicemail): I have so much I need to say. Please give me a chance to just say it. … Please (crying) please.
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