Let's find out.LYFT is Cutting Costs for Bottom-Line GrowthIn a bid to improve its price performance, LYFT is looking to reduce costs and improve efficiencies. To this end, on Sept. 4, LYFT announced a restructuring plan pertaining to its bikes and scooters operations. As part of the plan, the company aims to dispose of certain assets from the concerned operations.As a result, approximately 1% of LYFT's employees will be laid off. Lyft estimates that it will incur approximately $34 million to $46 million of restructuring and related charges, of which $32-$42 million are related to asset disposal costs and the remainder pertains to employee severance and benefit costs and advisory fees. The company expects that the charges (most of which will be non-cash in nature) will be incurred primarily in the third quarter of 2024 and that these charges will be substantially completed by the end of the year.