Lyft inc says termination of approximately 982 employees, representing 17% of company's employees

Lyft inc - termination of approximately 982 employees, representing 17% of company's employees..lyft inc - estimates that it will incur approximately $28 million to $36 million of restructuring and related charges.lyft - furloughed about 288 employees, has implemented reductions in base salary for exempt employees for a twelve week period beginning in may.lyft inc - in q2, co expects to record a stock-based compensation charge and corresponding payroll tax expense.lyft inc - members of company's board of directors have voluntarily agreed to forego 30% of their cash compensation for q2 of 2020.lyft inc - majority of restructuring and related charges is expected to be incurred in q2 of 2020.lyft - 30% reduction in base salary for executive leadership, 20% for vice presidents and 10% for all other exempt employees for twelve week period.
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