"Lyft Layoffs and Office Mandate Shake Up Tech Industry"
Lyft is cutting 26% of its workforce, or about 1,072 people, as part of a restructuring plan aimed at rebuilding its core ride-hailing product and boosting profits. Micromobility companies continue to make moves, with Aventon launching a foldable fat tire e-bike, Cake announcing the full production launch of their new electric utility platform, and Gogoro launching its Smartscooters and battery swapping in the Philippines. Meanwhile, Hyundai and GM have announced plans to build electric vehicle battery plants in the US, and Joby Aviation secured a $55 million contract from the US Department of Defense.