Risher noted the renewed focus on micromobility will also include a restructuring of its team and finances. A spokesperson for Lyft told TechCrunch less than 1% of staff on the tech side will be cut as the company shifts resources from R&D to sales, operations and deployment.
“We estimate that the ongoing benefit to the business of this restructuring is going to be on the order of $20 million a year, and it will be a net contributor to the business,” Risher said.