Lyft lays off 90 people as it aims to achieve profitability

From our ObsessionFuture of MobilityHumanity needs new ways to sustainably move around.Lyft confirmed on Thursday that it will cut 90 people from its enterprise sales and marketing teams, or around 1.6% of its 5,500-person workforce, as it aims to achieve profitable growth.“We’ve carefully evaluated the resources we need to achieve our 2020 business goals, and…

Lyft lays off 90 people as it aims to achieve profitability

From our ObsessionFuture of MobilityHumanity needs new ways to sustainably move around.Lyft confirmed on Thursday that it will cut 90 people from its enterprise sales and marketing teams, or around 1.6% of its 5,500-person workforce, as it aims to achieve profitable growth.“We’ve carefully evaluated the resources we need to achieve our 2020 business goals, and the restructuring of some of our teams reflects that,” says Lyft’s spokesperson Alexandra LaManna. “We are still growing rapidly and plan to hire more than 1,000 new employees this year.” According to the company, it will be focusing on organizing its marketing teams by “larger unified regions”—east and west, for example—rather than a more distributed, localized model. The layoffs were first reported by the New York Times on Wednesday as being part of corporate restructuring. Lyft disputed the report that it was significantly modifying its fin
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