Accounting for 30%, it is reported that the ride-hailing company Lyft will lay off 1200 people.

CTOnews.com April 22, Lyft's new CEO David Risher announced that he will launch a new round of layoffs next Thursday. According to the Wall Street Journal, the job cuts affected 1200 people, accounting for more than 30 per cent.

Photo Source: FlickrRisher said that the early announcement is to give employees a psychological buffer period to prepare for the results of next week's layoffs.

The contents of the internal letter of Risher translated by CTOnews.com are as follows:

Great companies have to move towards their goals.

At the beginning of its establishment, Lyft set two interrelated goals: to meet the travel needs of passengers, and to let drivers control their own time and earn a corresponding reward.

We need to be a faster, flatter company that brings everyone closer to our passengers and drivers. Only in this way can we move towards our goal.

We need to reduce costs to provide affordable ride services, attract drivers' income and profit growth. We intend to use these savings to invest in competitive prices, faster pick-up time and better driver income.

All of this requires us to downsize and reorganize the way we are organized.