Lyft freezes all US hiring amid stock slump, economic downturn

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Ride-sharing app Lyft is freezing all hiring in the US through the end of 2022, The Post has learned.

The news comes amid a broader economic slump that has sent Lyft’s stock tumbling 68% this year.

Lyft spokeswoman Ashley Adams confirmed the hiring freeze in a statement to The Post.

“Like many other companies navigating an uncertain economy, we are pausing hiring for all U.S.-based roles through the end of the year,” Adams said.

After The Post reported the hiring freeze, Lyft shares fell 3.8% in after market trading.”

Lyft started notifying job candidates of the hiring freeze this week.

The Wall Street Journal reported in May that Lyft was slowing hiring and slashing some departments’ budgets, but the full hiring freeze has not been previously reported.

Lyft also laid off about 60 employees in July, TechCrunch reported.

Ride-sharing rival Uber also said it was slowing hiring in May but has not announced a freeze. Uber shares are down 37% so far this year.

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