Lyft Cuts 13% Of Its Staff

[areyentiraidhi]

TOPLINE

 

Rideshare giant Lyft will reportedly lay off 13% of its staff, according to a letter from company officials obtained by CNBC, while online financial services company Stripe announced plans to cut 14% of its workforce as it contends with “stubborn inflation, energy shocks, higher interest rates, reduced investment budgets and sparser startup funding”—the latest major companies to implement job cuts as employers fear rising inflation could slide the economy into recession.

 

Lyft is reportedly laying off 13% of its staff.

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Nov. 3, 2022The job cuts at Lyft could affect approximately 650 employees (13% of its staff of roughly 5,000, not including its contracted drivers), marking the company’s second round of layoffs this year, after it laid off 60 workers in July (Lyft did not immediately respond to an inquiry from Forbes).

[ramudu]

online financial services company Stripe announced plans to cut 14% of its workforce  - @Vaampire

[Gorantlamdhav]

@areyentiraidhi Anni okka thadu lo veyyi 

[ramudu]

6 minutes ago, Gorantlamdhav said:

@areyentiraidhi Anni okka thadu lo veyyi 

 

[TechAdvice]

45 minutes ago, areyentiraidhi said:

TOPLINE

 

Rideshare giant Lyft will reportedly lay off 13% of its staff, according to a letter from company officials obtained by CNBC, while online financial services company Stripe announced plans to cut 14% of its workforce as it contends with “stubborn inflation, energy shocks, higher interest rates, reduced investment budgets and sparser startup funding”—the latest major companies to implement job cuts as employers fear rising inflation could slide the economy into recession.

 

Lyft is reportedly laying off 13% of its staff.

GETTY IMAGES

 

 

Nov. 3, 2022The job cuts at Lyft could affect approximately 650 employees (13% of its staff of roughly 5,000, not including its contracted drivers), marking the company’s second round of layoffs this year, after it laid off 60 workers in July (Lyft did not immediately respond to an inquiry from Forbes).

Twitter also 50% anta kada.. TOI la vachindi this Friday 

[areyentiraidhi]

3 minutes ago, TechAdvice said:

Twitter also 50% anta kada.. TOI la vachindi this Friday 

Billionaire Elon Musk reportedly plans to cut roughly 50% of Twitter’s 7,500 employees, multiple outlets reported Thursday—one week after the world’s richest man took over the company, with previous reports indicating he could lay off 25% and as much as 75% of the workforce, although Musk has walked back on that original number.