FILE PHOTO: Lyft logo is seen in this illustration taken June 27, 2022. REUTERS/Dado Ruvic/IllustrationRide-sharing companyInc will cut at least 1,200 jobs in another round of layoffs as it looks to reduce costs, thereported on Friday, citing sources familiar with the matter. According to the report, the layoffs could affect 30% of Lyft's 4,000 employees. The cuts could help Lyft slash 50% of its costs, the report added. Lyft did not immediately respond to a Reuters request for comment.

Source: Wall Street Journal April 22, 2023 19:02 UTC