When David Risher took over as CEO of Lyft about a year ago, the company was losing market share and struggling with morale. Its stock price was approaching an all-time low, down nearly 90% from its IPO high of 2019. One of Risher’s first moves was to cut staff by 26%, affecting hundreds of employees. Risher, a one time Lyft board member and former Amazon executive, is the first non-founder to lead Lyft.
Similar Stories to Lyft’s Ceo On Layoffs, Leading With Purpose And The Future Of Ride-sharing on Bing News
Alana Semuels, Time
Sun, 04/28/2024 - 4:00am
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BING NEWS:
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Susan Goldberg, the CEO of Boston-based public media organization GBH, issued the following letter to staff:Dear colleagues,I have some difficult news to share. Earlier today, we laid off 31 people ...
05/22/2024 - 7:44 am | View Link - Ford's Plan for Millions of Future EVs Could Come With Layoffs
Ford makes moves to produce 600,000 electric vehicles a year by late 2023 and 2 million a year by the end of 2026.
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Proper Group says it’s poised for growth and expansion, but less than a month ago, it was asking shareholders for a cash infusion.
05/13/2024 - 8:09 am | View Link - Lyft’s CEO on Layoffs, Leading With Purpose and the Future of Ride-Sharing
When David Risher took over as CEO of Lyft about a year ago ... we're having to make some really difficult choices. Leading with purpose is saying ”let's just look at one social problem.” ...
04/28/2024 - 12:00 am | View Link - Lyft, Deloitte announce layoffs amid global meltdown
San Francisco, More layoffs ... on this purpose. And we need to bring our costs down to deliver affordable rides, compelling earnings for drivers, and profitable growth," said the CEO.
04/21/2023 - 8:36 pm | View Link - More
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