US ride-hailing firm Lyft to lay off about 1,200 employees: Report

Lyft's new CEO David Risher on Friday announced the ride-hailing company will be conducting another round of layoffs next week to reduce costs. According to The Wall Street Journal, at least 1,200 employees or 30% of Lyft's workforce will be affected by the move. The US-based company laid off about 700 employees in November.