1 year ago
58 Lyft CEO Logan Green (R) and President John Zimmer (2nd R) talk earlier the Nasdaq opening doorbell celebrating the company's archetypal nationalist offering (IPO) connected March 29, 2019 successful Los Angeles, California.
Mario Tama | Getty Images News | Getty Images
Lyft said Thursday it's cutting 13% of its workforce, impacting each teams.
In an email to employees obtained by CNBC, CEO Logan Green and President John Zimmer pointed to what they called "a probable recession sometime successful the adjacent year" and rising rideshare security costs.
This communicative is developing. Check backmost for updates.
-CNBC's Laura Batchelor contributed to this report.Subscribe to CNBC connected YouTube.
