Lyft to "significantly reduce" workforce under new CEO
CBSN
Lyft is preparing to lay off hundreds of employees just days after new CEO David Risher took the helm of the ride-hailing service. It's the latest in a series of layoffs that have rocked the once high-flying technology industry.
In a blog post Friday, Risher told employees the company would "significantly reduce" the workforce as part of restructuring. Risher, a former Amazon executive, said the cuts were aimed at making Lyft a "faster, flatter company where everyone is closer to our riders and drivers."
"I own this decision, and understand that it comes at an enormous cost," Risher continued. "We're not just talking about team members; we're talking about relationships with people who've worked (and played) together, sometimes for years." The note came at end of his first week as Lyft's CEO.
An American man who had been on the run for over two decades was arrested in Toronto earlier this year, police said.
Abu Dhabi, United Arab Emirates — President Trump said Friday that he's moving to set up direct talks with Russian President Vladimir Putin as soon as he can, after Putin opted to skip peace talks between Russia and Ukraine in Turkey.
Charter Communications has agreed to merge with Cox Communications in a $34.5 billion deal that will combine two of the top three cable companies in the U.S.
President Trump on Friday said his administration will send letters that inform other nations of the tariff rates the U.S. will impose on imports, adding that "it's not possible to meet the number of people that want to see us."
Apple has blocked access to the online game Fortnite on iPhone devices in the United States and the European Union, according to the video game maker.
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The judge overseeing Bryan Kohberger's upcoming quadruple-murder trial says he wants to identify anyone who may have violated a gag order by leaking information from the investigation to news organizations or anyone else not directly involved with the case.
Washington — House Republicans have yet to resolve several major disputes that threaten to derail President Trump's domestic policy bill as more conservative members and blue-state Republicans dig in on their demands.
The Preakness Stakes has a field of nine horses set to race in Baltimore on Saturday for the 2025 running of the middle jewel of horse racing's Triple Crown.
An undocumented immigrant who resides in Florida is facing a more than $1.82 million fine for failing to leave the country after receiving a removal order 20 years ago, CBS News has learned.
Former FBI Director James Comey has provoked an outcry from the Trump administration after he briefly posted a photo to Instagram that federal officials alleged was a call for violence against President Trump — a claim Comey pushed back on.
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