Just days after David Risher started as Lyft CEO, he told employees in an email last week that the company would “significantly reduce the size of the team” and let employees know their employment status by Thursday.
He said at the time that the job cuts will set up Lyft to “invest in competitive pricing, faster pick-up times, and better driver earnings.”
The Wall Street Journal reported last week that Lyft would cut 1,200 jobs, citing people familiar with the plans.
A spokesperson for the company declined to confirm that number at the time.
This latest round of job cuts comes after Lyft announced a separate round of layoffs last November that cut 13 percent of the company’s workforce, or about 700 employees.
Doordash, a food delivery service, also cut more than 1,000 corporate positions last November.
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