Lyft Is Freezing U.S. Hiring. What It Means for the Stock.

Lyft Is Freezing U.S. Hiring. What It Means for the Stock.

Lyft shares were gaining ground Wednesday morning following news that the company is joining a wave of companies that are freezing hiring in the U.S. “Like many other companies navigating an uncertain economy, we are pausing hiring for all U.S.-based roles through the end of the year,” Lyft spokesperson Ashley Adams said in an emailed statement. Lyft stock was up 1.7% to $14.40 in mid morning, while the Nasdaq Composite was 0.7% higher.