---
schema_version: "secwatch.filing_event.v1"
accession: "0001759509-23-000016"
form_type: "8-K/A"
ticker: "LYFT"
cik: "0001759509"
company_name: "Lyft, Inc."
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T20:40:03.889914+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lyft records $120.3M in Q4 restructuring charges; expects up to $12M more in Q1 2023

## Summary
- Q4 2022 charges: $29.5M severance, $9.5M stock comp, $55.3M real estate impairment, $23.9M accelerated depreciation, $2.1M asset write-off.
- Original estimate was $27M-$32M for severance only; actual total far higher due to facility exit and asset impairment.
- Q1 2023 expects ~$9M lease termination penalties and up to $3M additional impairment from ceasing facility use.
- Company also pursuing sale of first-party vehicle service business assets.

## SEC filing metadata
- accession: 0001759509-23-000016
- form_type: 8-K/A
- ticker: LYFT
- cik: 0001759509
- company_name: Lyft, Inc.
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759509/000175950923000016/0001759509-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759509/000175950923000016/lyft-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001759509-23-000016
- JSON: https://secwatch.observer/filing/0001759509-23-000016.json
- Plain text: https://secwatch.observer/filing/0001759509-23-000016.txt

## Key facts
- Restructurings & Charges
  Lyft, Inc. announced a restructuring with charges of approximately $27 million to $32 million of restructuring and related charges primarily related to employee severance and benefits costs affecting Company-wide.
  - Type: restructuring
  - Charge: approximately $27 million to $32 million of restructuring and related charges primarily related to employee severance and benefits costs
  - Affected area: Company-wide
  source text: as previously announced, 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. At the time of the Original Report, the Company estimated that it would incur approximately $27 million to $32 million of restructuring and related charges primarily related to employee severance and benefits costs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000175950923000016/0001759509-23-000016-index.htm

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