Lyft Announced A Restructuring Plan; Involves Disposal Of Certain Assets Related To Bikes And Scooters Operations And Termination Of ~1% Of Company's Employees
Portfolio Pulse from Benzinga Newsdesk
Lyft has announced a restructuring plan that includes the disposal of certain assets related to its bikes and scooters operations and the termination of approximately 1% of its employees.
September 04, 2024 | 11:44 am
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Lyft's restructuring plan involves selling off assets related to its bikes and scooters operations and laying off about 1% of its workforce. This move could streamline operations and reduce costs.
The restructuring plan indicates a strategic shift for Lyft, focusing on core operations by divesting non-core assets. This could lead to cost savings and improved financial performance, positively impacting the stock price in the short term.
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