Lyft Leases shuts down because the ride-sharing firm lays off about 60 folks

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Lyft launched its rental automotive service in December 2019, greater than a yr after Uber shut down an analogous program that offered rental vehicles and entry to bike rides and public transportation. Lyft Leases stood out for its low beginning charge of $35 a day and lack of mileage restrict that additionally allowed renters as younger as 22 years outdated. Now, The Wall Avenue Journal reviews Lyft has determined to name it quits, and the corporate confirmed to The Verge that it laid off about 60 staff within the rental automotive service in addition to a smaller variety of folks in operations.

In an emailed assertion, the corporate advised The Verge it discontinued the enterprise to as a substitute concentrate on partnerships with rental automotive firms Sixt and Hertz. “This choice will guarantee we proceed to have nationwide protection and supply riders a extra seamless reserving expertise,” mentioned spokesperson Jodi Seth.

Different tech firms have been slowing down or halting hiring as a result of financial downturn. Uber CEO Dara Khosrowshahi introduced in early Could that it might decelerate hiring in an effort to scale back spending.

Inside the final month, Google and Apple have each declared plans to decelerate hiring. A Google spokesperson advised The Verge {that a} two-week pause in hiring is happening so firm groups can “prioritize their roles and hiring plans for the remainder of the yr.” Microsoft additionally introduced hiring slowdowns in Could, and Bloomberg reported on Wednesday it eliminated many open job listings.


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