One of the largest ride-hailing services providers, Lyft, Inc. (LYFT), reported grim fiscal 2022 third-quarter results. Though the company beat analysts' EPS estimates, its net income and EPS were all in losses, and its total cost and expenses saw a sharp increase.
Moreover, early in November, the company said it would lay off 13% of its staff, nearly 700 employees, as it rethinks staffing amid rising inflation and fears of a looming recession.
