Lyft to Restructure Bike and Scooter Rental Program, Cut Some Jobs
Lyft(LYFT) Investopedia·2024-09-04 22:50
Key Takeaways Lyft said Wednesday that it is planning to restructure its bike and scooter rental program, which could lead to a reduction of about 1% to the company's total headcount. The ridesharing company said the changes will result in a charge of about $34 million to $46 million, primarily for the third quarter. These changes could boost the company's financials by roughly $20 million in 2025. Last month, Lyft reported a profitable quarter for the first time in its history as a public company. Lyft (LY ...