---
schema_version: "secwatch.filing_event.v1"
accession: "0001759509-24-000114"
form_type: "8-K"
ticker: "LYFT"
cik: "0001759509"
company_name: "Lyft, Inc."
filed_at: "2024-09-04T23:59:59+00:00"
generated_at: "2026-05-31T06:28:20.714737+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Lyft restructures bikes/scooters unit; expects $34M-$46M charges

## Summary
- Restructuring involves disposal of bike/scooter assets and termination of ~1% of employees.
- Estimated charges of $34M-$46M, with $32M-$42M for asset disposal (mostly non-cash).
- Annualized Adjusted EBITDA improvement of ~$20M expected by end of 2025.
- Charges primarily in Q3 2024; substantially completed by Q4 2024.
- Reaffirms prior Q3 2024, full-year 2024 guidance and 2027 financial targets.

## SEC filing metadata
- accession: 0001759509-24-000114
- form_type: 8-K
- ticker: LYFT
- cik: 0001759509
- company_name: Lyft, Inc.
- filed_at: 2024-09-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.05, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759509/000175950924000114/0001759509-24-000114-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759509/000175950924000114/lyft-20240904.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001759509-24-000114
- JSON: https://secwatch.observer/filing/0001759509-24-000114.json
- Plain text: https://secwatch.observer/filing/0001759509-24-000114.txt

## Key facts
- Restructurings & Charges
  Lyft, Inc. announced a restructuring with charges of $34 million to $46 million of restructuring and related charges affecting bikes and scooters transportation mode (termination of approximately 1% of the Company's employees).
  - Type: restructuring
  - Charge: $34 million to $46 million of restructuring and related charges
  - Affected area: bikes and scooters transportation mode
  - Headcount: termination of approximately 1% of the Company's employees
  source text: On September 4, 2024, Lyft, Inc. (the “Company”) announced a restructuring plan related to its bikes and scooters transportation mode as part of its efforts to align strategic priorities and to reduce operating costs. The plan involves the disposal of certain assets related to the bikes and scooters operations and the termination of approximately 1% of the Company’s employees. In connection with the plan, the Company estimates that it will incur approximately $34 million to $46 million of restructuring and related charges, of which $32 million to $42 million are related to asset disposal costs with the remaining costs related to employee severance and benefit costs, and advisory fees.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000175950924000114/0001759509-24-000114-index.htm

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