Re:Lyft laying off 13% of staff
by echelon on Thursday November 03, 2022 @01:16PM
(#33454236)
It also impacts the loans that companies frequently take out and the interest-inflated payments they need to service their debt.
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Re:Lyft laying off 13% of staff
by UncleOxidant on Thursday November 03, 2022 @01:30PM
(#33454436)
And this is more likely what's impacting companies like Lyft. Their business model worked in an easy-money environment, but doesn't work in an environment with more normal interest rates where it's harder to borrow money and costs more.