Overview

• Lyft will lay off approximately 30 employees, about 1% of its workforce.
• The company plans to sell $34-$46 million worth of bike and scooter assets.
• Lyft will rebrand its bike and scooter program as 'Lyft Urban Solutions.'
• Citi Bike operations in New York City will remain unchanged.
• Lyft's restructuring is expected to enhance financial performance by 2025.