Business

Lyft to cut 13% of workforce, cites ‘probable recession’

By Zach Halaschak
Published November 3, 2022 5:08pm ET
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Lyft to cut 13% of workforce, cites ‘probable recession’
In this Jan. 31, 2018, file photo, a Lyft logo is installed on a Lyft driver's car in Pittsburgh. Lyft is cutting 13% of its workforce. | (Gene J. Puskar/AP)

Rideshare giant Lyft announced on Thursday that it plans to lay off hundreds of workers as the prospect of a recession becomes increasingly likely.

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