Lyft Inc. plans to reduce its physical office space in its biggest US markets as the ride-hailing company adapts to a largely remote workforce.
(Bloomberg) — Lyft Inc. plans to reduce its physical office space in its biggest US markets as the ride-hailing company adapts to a largely remote workforce.
The San Francisco-based company will sublease a portion of its corporate offices in San Francisco, New York City, Seattle and Nashville, according to a person familiar with the matter, who requested anonymity because the plan is private. About 44% of the combined 615,000 square feet in office space will be rented out to other businesses.
The move follows Lyft’s decision to implement a permanent “fully flexible” policy in March, letting employees choose where to work and live.
“While we continue to believe that in-person connections are important, many of our team members opted to work remotely after we shifted to a flexible workplace strategy,” a spokeswoman said in an emailed statement. Lyft said it “identified a significant amount of office space that isn’t being utilized the way it previously was.”
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