Lyft is shutting down its in-house car rental program
said, worked in operations and covered 2 percent of the company's workforce. Back in May, the company reportedly wrote in a staff memo that it's slowing down hiring due to the economic downturn, but that it didn't have any layoffs planned. Things have clearly changed since then., the executive said that the company's road to in-house rentals is"long and challenging with significant uncertainty.
Lyft is also in the midst of reorganizing its global operations and consolidating its offers from 13 to nine regions. That will lead to the closure of a location in Northern California and of its Detroit Hub, but it's unclear if the move will cause more layoffs. Either way, Lyft is merely the latest company in the tech industry to cut jobs due to the economy. Tesla reportedly
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