Lyft Cuts Over 1,000 Jobs in Round of Layoffs

More than one thousand jobs is about a quarter of the total work-force.

Another round of layoffs was announced by ride-share company, Lyft. The company is eliminating more than one thousand additional jobs, which is about a quarter of the total work-force. The news comes just days after a new chief executive took over and after a round of layoffs of 700 people in November. Lyft said it is also scaling back on hiring and eliminating over 250 job openings.