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- Lyft (NASDAQ:LYFT) is freezing all U.S. hiring through the end of the year, the New York Post reports.
- “Like many other companies navigating an uncertain economy, we are pausing hiring for all U.S.-based roles through the end of the year,” a spokeswoman says, according to the report.
- That follows news in May that Lyft and ride-sharing rival Uber (NYSE:UBER) warned that hiring would slow down to address a heavy swing in macroeconomic sentiment.
- Lyft stock (LYFT) is down 68.2% so far in 2022, while Uber stock (UBER) is down 37.3%. (See a chart of each stock vs. the market here.)