Lyft, Inc (NASDAQ:LYFT) prepares to slash 1,200 or more jobs in a new round of layoffs to reduce costs.<br /><br />The downsizing could impact 30% or more of Lyft's more than 4,000 employees, the Wall Street Journal reports.<br /><br />The reduction could help Lyft slash 50% of its costs. Lyft does not count its drivers as employees. Find out more on benzinga.com.
