The company's co-founders said rising inflation and rising rideshare insurance costs were main motivating factors for axing 13% of its corporate staff.
13% of its workforce. Fears over an impending recession and increasing rideshare insurance were cited among several reasons for the layoffs. The founders claimed they, “worked hard” to bring down costs over the summer but ultimately to no avail.
“The layoffs impact every organization in the company, and were based on deprioritized initiatives, an effort to reduce management layers, broader savings goals, and, in some cases, performance trajectory,” the founders wrote.Lyft did not immediately respond to Gizmodo’s request for comment. Lyft’s latest round of exits weren’t entirely unforeseen. In July, the company laid off around 60 workers in its rental division. Lyft indeed ended up scuttling its entire long-
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