Uber CTO resigns as company reportedly considers 5,400 job cuts, 20% of workforce; Lyft lays off 17% of workforce, furloughs hundreds more

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The Information’s Amir Efrati reported Tuesday that the company was considering further layoffs of up to 5,400 people, citing a person familiar with the matter who said the plan was not yet confirmed. The layoffs could represent up to 20% of Uber’s 27,000-person workforce and save the company up to $1 billion in expenses, according to The Information.

The Information

Key Points

– Lyft is laying off 982 employees and furloughing an additional 288 people.

– The layoffs account for 17% of the company’s workforce.

– Lyft also has implemented reductions in base salary for exempt employees for a twelve week period.

CNBC

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