Lyft to cut 13% of its workforce in second round of layoffs
Yahoo Finance Live's Akiko Fujita discusses Lyft's plans to cut 13% of its workforce in a second round of layoffs.
Video Transcript
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AKIKO FUJITA: We want to get to some breaking news here with Lyft. The company now announcing it plans to cut 13% of its work staff, resulting in the loss of hundreds of jobs. That's according to "The Wall Street Journal." It is the second round of layoffs at the company in recent months, as the rideshare let go of 2% of its employees during the summer.
Now, the company has more than 4,000 employees, not including its drivers. And we're gonna to bring you more developments on this story as they come in. And we are seeing that stock down nearly 2% right now.
