New York (CNN Business) Lyft (LYFT) is laying off about 90 staffers as part of a restructuring as the business works to prove it can be profitable, the company confirmed to CNN Business on Wednesday. The layoffs will impact some people on Lyft's marketing and enterprise sales teams. The job cuts represent just a small portion — about 1.6% — of its overall workforce of 5,500 employees. "We are still growing rapidly and plan to hire more than 1,000 new employees this year." For its part, Lyft CEO Logan Green said in October that the company expects to be profitableexcluding certain costs, by the end of 2021.

Source: CNN January 29, 2020 21:00 UTC