Lyft to lay off 26% of its workforce

Lyft to lay off 26% of its workforce

While layoffs in the tech industry have been a common occurrence in 2023, many companies have had to make tough decisions due to the challenging global economy. However, Lyft’s rival, Uber, has so far avoided significant layoffs in recent months. Layoffs.fyi reported that Uber laid off about 60 engineers in Lithuania last fall and 150 Uber Freight workers in January. This does not guarantee that Uber will avoid similar decisions, but it suggests that the ride-hailing giant may not be under as much pressure as Lyft.