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Lyft Inc. is laying off a sizeable portion of its workforce, the journey-hailing company’s new main government instructed personnel in a Friday email, as he tries to reduce prices and continue to keep up with a considerably more substantial rival, Uber Technologies Inc.
The Wall Avenue Journal initially documented that the cuts will volume to 30% of the company’s workforce, or about 1,200 workforce. Lyft LYFT does not consider its trip-hailing drivers workforce.
A…
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