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Lyft is set to make "significant" cuts to its workforce, according to CEO David Risher, who said the move is part of a restructuring exercise to help the company better "meet the needs of riders and drivers." Although Lyft has not revised guidance for Q1, the layoffs will affect more than 4,000 full-time employees who will be notified of their fate by email on 27 April. The firm has not confirmed how many people will be cut although a report by The Wall Street Journal, citing anonymous sources, suggested that 1,200 workers would be affected. The move follows Risher's announcement in late March that Lyft was considering changes to its business, including dropping shared rides....