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Lyft Will Lay Off About 1,200 People as It Looks to Cut CostsThe cuts come as the company tries to lower prices and remain competitive with Uber, its larger rival.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Kellen Browning Powered by WPeMatico
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Lyft Co-Founders to Resign; David Risher Is Named CEOLyft has been slow to bounce back from early pandemic problems even as the business of its much bigger rival, Uber, has improved.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Kellen Browning Powered by WPeMatico
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Lyft’s Financial Woes Thrust It Into the SpotlightLyft recovered from pandemic restrictions slower than Uber, and critics said it lacked the kind of ambitious investments that could distinguish itself from its rival.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Kellen Browning Powered by WPeMatico
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