mashable.com

Uber and Lyft Announce Layoffs Amid Pandemic Ride-Hailing Slump

Lyft logoLyft
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Uber logoUber
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With shelter-in-place curbing ride use, Uber and Lyft saw revenue declines and moved to reduce headcount. Uber’s CEO said team size will be cut by as much as 20% of its roughly 27,000 employees worldwide, with about 982 workers affected. A U.S. driver survey showed many plan to stop or use less. Lyft disclosed a 17% workforce cut in an SEC filing.

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