Lyft launched its rental car service in December 2019, more than a year after Uber discontinued a similar program that offered rental cars as well as bike rides and public transportation. Lyft Rentals stood out for its inexpensive beginning pricing of $35 per day and lack of mileage limit, as well as the fact that renters as young as 22 years old were permitted. According to The Wall Street Journal, Lyft has decided to call it quits, and the company has confirmed that it has laid off approximately 60 employees in the rental vehicle service as well as a smaller number of personnel in operations.
Due to the economic slump, some technology companies have slowed or stopped hiring. Uber CEO Dara Khosrowshahi announced in early May that the company would slow hiring in order to cut costs.
Google and Apple have each announced plans to reduce employment in the previous month. A Google spokeswoman stated that there will be a two-week recruiting hold to allow corporate teams to “prioritize their responsibilities and hiring plans for the rest of the year.” Microsoft announced recruiting slowdowns in May, and Bloomberg reported on Wednesday that several open job advertisements had been withdrawn.
