Four months ago, David Risher became CEO of ride-sharing giant Lyft at a crucial juncture. He was, as the Wall Street Journal put it, up against “eroding market share, a sliding stock price, and low employee morale.” In his second week as CEO, Risher initiated over 1,000 layoffs, more than a quarter of its workforce—a move that aimed to address the first two concerns, but hardly improved the last one.
One thing he thinks might move the needle on employee morale, however, is a partial return to the office, which he said would become mandatory for the workers who remained.
