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Lyft to Lay Off at Least 30% of Its Workers: Why Are They So Behind Uber? | Tech News Briefing | WSJ

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Ride-hailing company Lyft plans to cut at least 30% of its workforce. It comes days after a new CEO officially took over. Can the changes and new leadership help Lyft compete with its biggest rival Uber?

WSJ ride-hailing reporter Preetika Rana joins host Zoe Thomas to explain what’s going on inside Lyft.

0:00 Why is Lyft cutting jobs?
1:18 Why Lyft’s founders stepped down
2:25 The new CEO of Lyft, David Risher
3:23 What’s morale like at the ride-sharing company?
4:31 Why Lyft is struggling to keep up with Uber

Tech News Briefing
WSJ’s tech podcast featuring breaking news, scoops and tips on tech innovations and policy debates, plus exclusive interviews with movers and shakers in the industry.

For more episodes of WSJ’s Tech News Briefing: https://link.chtbl.com/WSJTechNewsBriefing

#Lyft #Layoffs #WSJ
Category
Television
Tags
lyft, lyft stock, lyft vs uber
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