February 24, 2024

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Lyft’s CEO tells employees they must go back to the office

Lyft’s CEO tells employees they must go back to the office

New York (CNN) Lyft’s new CEO, David Risher, announced another change for the shared carrier: Workers will soon have to go back to the office.

On Friday, Reacher announced “the first steps in a plan for a flexible model with more regular work in the office,” said a Lyft spokesperson.

“Personal relationships are important, and Lift is about bringing people together,” said a statement from Lyft.

Lyft did not comment on the details of the plan, but the New York Times mentioned Richer informed employees that they would be required to return to the office at least three times a week — Mondays, Wednesdays, and Thursdays — beginning on Labor Day.

In an interview with the paper, Resher suggested that remote work has alienated employees from each other, adding, “There’s a real sense of satisfaction that comes from working together at the board to solve a problem.”

It’s a polar switch from Lyft’s previous policy. This past March, the joint tour company announce It will become a “fully flexible workplace,” giving its employees a choice of where to work and live with strong support for in-person group gatherings.

“The flexible workplace strikes the right balance between trust and choice — helping us do our best work while attracting and retaining the best talent,” Levitt said in a blog post in 2022.

Lyft also decided last year sublease Bloomberg reported portions of the company’s office space in San Francisco, New York, Nashville and Seattle.

The effort is part of new CEO David Resher’s efforts to streamline the company as it still struggles to turn a profit.

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Risher, an Amazon veteran who served as Senior President of Product and Head of US Retail, Took earlier this month After co-founders Logan Green and John Zimmer stepped down from their management positions.

The announcement of the return to the office came a day after Lyft’s announcement SEC file It will cut 1,072 employees – or 26% of its workforce – and eliminate 250 job vacancies.

Richer said Lyft will “significantly cut” its workforce last weekadding that the layoffs were intended to make Lyft “a faster, flatter company where everyone is closer to our passengers and drivers,” according to an internal memo.

This was the second announcement of layoffs since November, when the company announced an announcement 13% reduction in the workforce Amid fears of an upcoming recession.

While Uber’s projects outside of ride-sharing, such as meal and grocery deliveries, have helped its business, Lyft did not diversify. It had a poor earnings report for Wall Street last quarter — its stock is down about 70% over the past year.

CNN’s Brian Fung contributed to this story.