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Lyft lays off about 60 employees, closes in-house car rental program – londonbusinessblog.com

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Lyft has joined the ranks of tech companies cutting their workforces.

The news of the layoffs, initially spotted in LinkedIn messages by now former Lyft employees, has been confirmed by the company.

Lyft said it has laid off about 60 people, discontinued its own car rental service and is consolidating its global operations. The Wall Street Journal was the first report on the layoffs.

The cuts total about 2% of the workforce, which in this year’s big schedule of layoffs isn’t as bad as other companies in the transportation space (look at you, Tesla). Lyft’s layoffs mainly affect operational teams, according to messages appear on LinkedIn. Based on those messagesit seems that some staffers have been given 30 days notice to pack their desks.

The layoffs come about two weeks before Lyft releases its second-quarter results.

In addition to the layoffs, Lyft is shutting down its first-party car rental service on the app, which it operated in five locations. This strategy of focusing on core activities has become more common in recent months as economic conditions have deteriorated. For example, Bird recently stopped selling vehicles just before laying off 23% of its workforce.

Lyft will still offer third-party rentals in more than 30 locations, a company spokesperson told londonbusinessblog.com.

“We have decided to discontinue Lyft’s first-party rental business to focus on our best-in-class third-party rental services with Sixt and Hertz,” said a Lyft spokesperson. “This decision ensures we maintain nationwide coverage and provide riders with a more seamless booking experience.”

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