is laying off 5% of its workforce, a move that affects roughly 300 workers."Over the last two quarters, we have taken a number of measures to try to address the bottom line but found ourselves in the position of needing to do more,"
."In looking at our future business portfolio, we made the difficult decision to eliminate roles." Zendesk shares are down more than 25% this year. shares fell by more than 20% on Tuesday after reporting weaker-than-expected ridership growth, signaling that it’s losing ground to Uber. The company recorded 20.3 million active riders in the third quarter, missing an estimate of 21.1 million — and falling well short of Lyft’s base of 22.9 million active riders at the end of 2019.
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