Lyft announced that it would lay off 26 percent of its staff, becoming the latest company to initiate cuts in its workforce, as concerns over a potentially deep recession rise.
The decision, which was filed with the Securities and Exchange Commission on April 27, will affect 1,072 out of the roughly 4,000 employees at the rideshare company and eliminate 250 open positions.
The Sam Francisco-based firm had previously laid off 700 employees, or 13 percent of its staff, last November.
Lyft laid off 60 people, or less than 2 percent of its workforce last July, and scaled back on renting cars to customers after announcing it would slow hiring and reduce the budgets of some of its departments in spring of last year….