As Lyft continues to prepare for its IPO, the on-demand transportation startup is trimming staff to cut costs ahead of another wave of expansion.
TechCrunch has learned and confirmed that Lyft has laid off around 50 staff in its bike and scooter division, mainly people who had joined the company when it acquired the electric bike sharing startup Motivate a deal that closed about three months ago. The cuts range from managers and through to technical people and those holding less senior roles, and have been made across a number of cities, including Boston, San Francisco and New York.
(The Information separately also published a short report about [...]
Rackspace, the hosted private cloud vendor, let go around 200 workers or 3 percent of its worldwide workforce of 6600 employees this week. The company says that it’s part of a recalibration where it is trying to find workers who are better suited to their current business approach.
A Rackspace spokesperson told TechCrunch that it is “a stable and profitable company.” In fact, it hired 1500 employees in 2018 and currently has 200 job openings. “We continue to invest in our business based on market opportunity and our customers’ needs – we take actions on an ongoing basis in some areas where we are over-invested and hire in areas where we are under [...]