Uber and Lyft Announce Layoffs Amid Pandemic Ride-Hailing Slump
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.