---
schema_version: "secwatch.filing_event.v1"
accession: "0001759509-22-000071"
form_type: "8-K"
ticker: "LYFT"
cik: "0001759509"
company_name: "Lyft, Inc."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T09:36:22.113941+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lyft confirms guidance, lays off 683 employees (13%) and estimates $27-32M in charges

## Summary
- Lay off 683 employees (~13% of workforce) as part of cost reduction plan.
- Estimates $27-32M in restructuring charges in Q4 2022 for severance and benefits.
- Reaffirms Q3 2022 guidance for revenue, Contribution Margin, and Adjusted EBITDA; 2024 targets unchanged.
- Additional stock-based comp and facility exit charges to be disclosed later.
- Q3 2022 earnings results scheduled for Nov 7, 2022.

## SEC filing metadata
- accession: 0001759509-22-000071
- form_type: 8-K
- ticker: LYFT
- cik: 0001759509
- company_name: Lyft, Inc.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759509/000175950922000071/0001759509-22-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759509/000175950922000071/lyft-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001759509-22-000071
- JSON: https://secwatch.observer/filing/0001759509-22-000071.json
- Plain text: https://secwatch.observer/filing/0001759509-22-000071.txt

## Key facts
- Restructurings & Charges
  Lyft, Inc. announced a restructuring with charges of restructuring and related charges related to employee severance and benefits costs affecting entire company (termination of approximately 683 employees, representing 13% of the Company’s employees).
  - Type: restructuring
  - Charge: restructuring and related charges related to employee severance and benefits costs
  - Affected area: entire company
  - Headcount: termination of approximately 683 employees, representing 13% of the Company’s employees
  source text: On November 3, 2022, the Company committed to a plan of termination as part of the Company’s efforts to reduce operating expenses and adjust cash flows as described in Item 2.02 above. The plan involves the termination of approximately 683 employees, representing 13% of the Company’s employees. In connection with the plan of termination, the Company estimates that it will incur approximately $27 million to $32 million of restructuring and related charges related to employee severance and benefits costs, which the Company expects to incur in the fourth quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000175950922000071/0001759509-22-000071-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.