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Strassel Allysia Finley More Editorials Commentary Future View Houses of Worship Cross Country Letters to the Editor The Weekend Interview Potomac Watch Podcast Foreign Edition Podcast Free Expression Podcast Opinion Video Notable & Quotable * Books & Arts Reviews Film Television Theater Masterpiece Series Music Dance Opera Exhibition Cultural Commentary Sections Arts Books More WSJ Puzzles Life Video Arts Video What To Watch * Real Estate Sections Commercial Real Estate More Real Estate Video * Life & Work Sections Cars Careers Food & Drink Home & Design Ideas Personal Finance Recipes Travel Wellness Columns Your Health Work & Life Carry On Bonds Turning Points On Wine On The Clock More WSJ Puzzles Space & Science * Style Sections Lifestyle Fashion Film Television Music Art & Auctions Columns My Monday Morning Off Brand On Trend * Sports Sections Beijing 2022 Olympics MLB NBA NFL Golf Tennis Soccer Columns Jason Gay Search This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ lyft-plans-to-lay-off-hundreds-of-staffers-11667490092 * Business Lyft to Lay Off About 700 Employees in Second Round of Job Cuts Ride-hailing company, which is cutting 13% of staff, maintained its earnings outlook []Lyft has more than 5,000 employees, which don't include its drivers.Photo: Sebastian Hidalgo for The Wall Street Journal By Preetika Rana and Emily Glazer Updated Nov. 3, 2022 2:11 pm ET print Listen to article (2 minutes) Lyft Inc. said it is cutting 13% of staff, or nearly 700 jobs, the latest technology company to say it needed to reduce costs ahead of choppy economic conditions. Confirming an earlier report by The Wall Street Journal, Lyft co-founders John Zimmer and Logan Green announced the cuts to staff Thursday. "There are several challenges playing out across the economy. We're facing a probable recession sometime in the next year and ride-share insurance costs are going up," they wrote in the memo viewed by the Journal. [wsj-logo-b] Continue reading your article with a WSJ membership View Membership Options Already a member? Sign In Most Popular news * The Company That Lost $800 Billion The Company That Lost $800 Billion * Psst...There's a Hidden Market for Six-Figure Jobs. Here's How to Get In. Psst...There's a Hidden Market for Six-Figure Jobs. 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