Lyft announces layoffs affecting over 1,000 employees
The company shared plans to reduce its team by over 1,000 employees, or roughly 26 percent of its workforce.
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The company shared plans to reduce its team by over 1,000 employees, or roughly 26 percent of its workforce.
With this deal, Toyota will incorporate Lyft's Level 5 automation technology and employees into its newly created Woven Planet division.
After detailing the price range and number of shares it plans to market in an updated IPO filing, Lyft execs can start marketing the stock to major potential investors.
The rideshare company Lyft lost $911 million on $2.1 billion but sales are growing faster than losses.