Lyft

So much so that it wants to get rid of it, CEO David Risher said during Lyft’s earnings call on Tuesday. As reported by TechCrunch:

“[Primetime pricing] is a bad form of price raising,” said Risher. “It’s particularly bad because riders hate it with a fiery passion. And so we’re really trying to get rid of it, and because we’ve got such a good driver supply…it’s decreased significantly.”

That translates into 1,072 workers that will be out of a job after the company said it would undertake a “restructuring” to reduce operating costs. These layoffs come after the beleaguered ridehail company laid off 13 percent of staff last November. Lyft’s May 4th first quarter earnings call are sure to be brutal. The company’s share price fell off a cliff earlier this year and has yet to really recover.

On Friday, new Lyft CEO David Risher emailed staff to inform them of layoffs happening on Thursday, April 27th. The company shared his email on its blog. Lyft plans to cut 1,200 or more jobs, according to The Wall Street Journal. The company laid of 13 percent of its staff in November.

Just months after Lyft laid off 13 percent of its workforce, the company’s two co-founders — CEO Logan Green and president John Zimmer — have announced that they’re leaving their posts on April 17th. The pair will remain on the company’s board, while former Amazon head of product David Risher takes over as CEO.

California voters rejected Prop 30, which would have increased taxes on people making over $2 million a year to subsidize electric vehicle purchases for low-income residents, among other climate change fighting measures. Opponents claimed the measure would have been a huge windfall for Lyft, even though it wasn’t really clear how. It’s a weird result, considering the state’s voters handed Lyft (and Uber) a giant win by approving Prop 22 just two years ago. Why so fickle, California?

For anyone hoping to snag a job at their favorite pink-hued ride-hailing company, I’ve got some bad news: Lyft said it won’t be bringing on any new employees through the end of the year, citing economic instability. No lay-offs are being planned at this time, but the company has been trying to cut costs since this past spring. Maybe Uber is still hiring? (Probably not.)