Thread regarding Lyft layoffs

Former Amazon exec named new CEO

Lyft has been scrapping with Uber for years for a bigger sliver of the car-share market, but its new CEO thinks that the challenges to the company go beyond just its longtime competitor.

The company’s founders have just stepped back from their executive roles, and David Risher, who was previously a senior vice president at Amazon and a general manager at Microsoft, has been given the top spot and the task to navigate the company through a period of economic uncertainty and immense competition.

https://fortune.com/2023/03/28/lyft-ceo-david-risher-competition-uber-battle-against-staying-at-home/amp/
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