Lyft, a ride-hailing company, froze recruitment in the United States as concerns grew.
Beijing, September 28 (Xinhua)-- ride-hailing company Lyft will freeze all recruitment in the United States until the end of the year. Many American companies are cutting costs as a result of inflation, and Lyft is now joining in. By Tuesday's close, Lyft shares had fallen more than 68 per cent this year.
In July, Lyft's leasing division laid off about 60 people. Lyft reported quarterly results in August that Lyft had set a new record in the second quarter due to soaring demand and cost-cutting.
For the third quarter Lyft is not optimistic, due to the increase in premiums, macroeconomic instability, inflation, Lyft has issued a warning.
