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Lyft to sell bike assets and lay off around 1% of its employees
short by System User / on Wednesday, 4 September, 2024
Lyft is planning to lay off around 1 per cent of its workforce, approximately 30 employees, primarily from its bikes and scooters division, as part of its restructuring efforts aimed at streamlining operations and improving efficiency. The company is also considering selling its bike and scooter assets to reduce costs, expecting to increase its adjusted operating income.
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