Lyft has frozen all US hiring.
AFP by way of Getty Pictures
Trip-sharing app Lyft is freezing all hiring within the US by means of the top of 2022, The Submit has discovered.
The information comes amid a broader financial stoop that has despatched Lyft’s inventory tumbling 68% this 12 months.
Lyft spokeswoman Ashley Adams confirmed the hiring freeze in an announcement to The Submit.
“Like many different corporations navigating an unsure economic system, we're pausing hiring for all U.S.-based roles by means of the top of the 12 months,” Adams stated.
After The Submit reported the hiring freeze, Lyft shares fell 3.8% in after market buying and selling.”
Lyft began notifying job candidates of the hiring freeze this week.
The Wall Avenue Journal reported in Might that Lyft was slowing hiring and slashing some departments’ budgets, however the full hiring freeze has not been beforehand reported.
Lyft additionally laid off about 60 workers in July, TechCrunch reported.
Trip-sharing rival Uber additionally stated it was slowing hiring in Might however has not introduced a freeze. Uber shares are down 37% thus far this 12 months.
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