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After Uber announced that it was cutting back on hiring and other expenses due to the economic slowdown, rival Lyft is doing the same, according to The Wall Street Journal. "Given the slower than expected recovery and need to accelerate leverage in the business, we've made the difficult but important decision to significantly slow hiring in the US," Lyft President John Zimmer reportedly wrote in a memo to staff. There are no layoffs planned. However, the decision means the company will give priority to fewer initiatives and not fill many current open roles, focusing instead on critical roles that support its core rides business, the memo...
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