Lyft to Restructure Bike and Scooter Rental Program, Cut Some Jobs

Key Takeaways Lyft said Wednesday that it is planning to restructure its bike and scooter rental program, which could lead to a reduction of about 1% to the company's total headcount. The ridesharing company said the changes will result in a charge of about $34 million to$46 million, primarily for the third quarter. These changes could boost the company's financials by roughly $20 million in 2025. Last month, Lyft reported a profitable quarter for the first time in its history as a public company. Lyft (LY ...