Lyft to lay off 1,072 employees, eliminates 250 open positions

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According to documents filed with the Securities and Exchange Commission Thursday by CFO Elaine Paul, rideshare company Lyft is planning to lay 26% of its workforce, equivalent to 1,072 employees. 

The document also states the company had eliminated 250 open positions. 

Filings said the company expected to pay up to $47 million in severance packages plus more in stock-based compensation due to the job cuts. 

The lay-off does not include drivers. 

This news comes after CEO David Risher said a “significant” number of employees would lose their jobs” a week ago. 

Lyft’s last layoff happened in November 2022, when the company let go 13% of its workforce. 


Charlene is a Bay Area journalist who hails from the small community of Fresno. Drawing from her experience writing for her college paper, Charlene continues to advocate for free press and local journalism. She also volunteers in all the beach cleanups she can because she loves the water.