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Lyft freezes hiring in U.S. as concerns grow

  • linda
  • 2022-09-28 18:34:49
  • 279 read
　　online car-hailing company Lyft will freeze all hiring in the United States until the end of the year. Lyft ...

　　online car-hailing company Lyft will freeze all hiring in the United States until the end of the year. Lyft is now joining as many companies in the U.S. are cutting costs due to inflation. By Tuesday's close, Lyft shares had fallen more than 68% this year.

　　Lyft's leasing division has laid off about 60 jobs in July. In August, Lyft released its quarterly earnings report. Due to soaring demand and cost reductions, Lyft’s performance in the second quarter set a new record.

　　Lyft is not optimistic about the third quarter, due to increased insurance premiums, macroeconomic instability, and inflation, Lyft has issued a warning. 


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