© Provided by KRON San Francisco SF-based Lyft cutting 13 percent of employeesSAN FRANCISCO (KRON) — Lyft plans to cut 1,200 jobs in the latest round of layoffs for the San Francisco-based ride-share accompany, according to a report in the Wall Street Journal, citing people familiar with the plan. The company currently employs around 4,000 people, so the cuts represent about 30% of its workforce. Lyft’s most recent round of layoffs occurred in November of last year when the company let go about 13% of its workforce. According to the WSJ, the latest round of cuts could help the company reduce its operating expenses by half. The reported layoffs are the latest in a series of tech layoffs that have seen companies like Google, Salesforce and Meta all cut jobs in recent months.

Source: Wall Street Journal April 22, 2023 06:56 UTC