Lyft Is Laying Off , 13% of Its Workforce.<br />CNBC reports that the rideshare company made the announcement on Nov. 3.<br />In an email to staff, CEO Logan Green <br />and President John Zimmer referenced <br />"a probable recession sometime in the next year.".<br />In an email to staff, CEO Logan Green <br />and President John Zimmer referenced <br />"a probable recession sometime in the next year.".<br />Green and Zimmer said the job cuts <br />“were based on deprioritized initiatives, an effort to reduce management layers, broader savings goals, and, <br />in some cases, performance trajectory.”.<br />Those who are laid off will reportedly receive <br />ten weeks of pay and healthcare benefits through April.<br />CNBC reports that they have also been promised “accelerated equity vesting for the Nov. 20 vesting date” and help finding another job.<br />Those who've been with Lyft for at least four years will receive an additional four weeks of pay.<br />We are not immune to the realities of inflation and a slowing economy, Email from Green and Zimmer, via CNBC.<br />We need 2023 to be a period where we can better execute without having to change plans in response to external events — and the tough reality is that today’s actions set us up to do that, Email from Green and Zimmer, via CNBC.<br />We need 2023 to be a period where we can better execute without having to change plans in response to external events — and the tough reality is that today’s actions set us up to do that, Email from Green and Zimmer, via CNBC.<br />CNBC reports that other companies who have recently announced layoffs or hiring freezes include Netflix, Shopify, Coinbase, Spotify and more.<br />CNBC reports that other companies who have recently announced layoffs or hiring freezes include Netflix, Shopify, Coinbase, Spotify and more.<br />CNBC reports that other companies who have recently announced layoffs or hiring freezes include Netflix, Shopify, Coinbase, Spotify and more.<br />CNBC reports that other companies who have recently announced layoffs or hiring freezes include Netflix, Shopify, Coinbase, Spotify and more
