Lyft to Lay Off Employees to Cut Down Bikes, Scooters Division (Ride-sharing company) Lyft said it is further reducing its workforce in a new wave of layoffs as it eliminates company-owned dockless bikes and scooters from the business. The ride-hailing company on Wednesday said the move will reduce its operating costs as it focuses resources on its core business. Lyft will cut 1% of its total employees and expects charges between $34 million to $46 million in charges tied to the layoffs. The company said it discontinuing dockless scooters in Washington, D.C., and are exploring alternatives in Denver. "We're simply deprioritizing dockless scooters going forward. Riders love our bikes and scooters and we've always expected this part of the business to continue to be a meaningful part of Lyft's offering now and into the future," the company said. The company posted its first quarterly profit and reported record-high scooter and bike rides in large markets such as New York City, but executives have warned of the seasonality of the business and costs to maintain the bikes compared with car-rides, as it doesn't own the cars used by its drivers. The third quarter is a big season for bike rides, but