Lyft cutting 13 percent of employees  

(The Hill) -- Lyft is laying off 13 percent of its employees, the ride-hailing service announced Thursday, citing inflation strains and recession fears. “There are several challenges playing out across the economy. We’re facing a probable recession sometime in the next year and rideshare insurance costs are going up,” co-founders Logan Green and John Zimmer said in a memo to Lyft team members. “We worked hard to bring down costs this summer: