Lyft has joined the ranks of tech firms decreasing their workforce.
The information of the layoffs, initially noticed in a LinkedIn put up by former Lyft workers, has been confirmed by the corporate.
Lyft stated it has laid off about 60 folks and deserted its in-house automobile rental service and is consolidating world operations. The Wall Avenue Journal was the primary report on layoffs.
The general lower of workers, which is within the grand scheme of layoffs this 12 months, is not as dangerous as different firms within the transportation sector ( you, Tesla). In line with a cropping put up on LinkedIn, Lyft’s layoffs primarily affected operations groups. Primarily based on these positions, it seems that at the least some workers got 30 days’ discover to pack their desks.
The layoffs come about two weeks earlier than Lyft is able to report its second-quarter earnings.
Along with the layoffs, Lyft is shutting down its first-party automobile rental service on the app, which it was working in 5 places. This trim-to-focus-on-core-operations technique has change into more and more frequent in current months as financial situations worsen. For instance, Hen just lately spun off gross sales of its autos, earlier than shedding 23% of its workforce.
A spokesperson for the corporate advised TechCrunch that Lyft will nonetheless supply third-party leases at greater than 30 places.
“We now have made the choice to shut Lyft’s first-party rental enterprise with Sixt and Hertz to give attention to best-in-class third-party leases,” a Lyft spokesperson stated. “This resolution will guarantee we proceed to have nationwide protection and supply riders with a extra seamless reserving expertise.”