Lyft is laying off 982 employees, furloughing a further 288 due to COVID-19 pandemic [TechCrunch Blog]
Lyft, Inc. - Class A (LYFT)
Last lyft, inc. - class a earnings: 2/11 04:05 pm
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Source: TechCrunch Blog
Lyft is laying off 982 employees, furloughing a further 288 due to COVID-19 pandemicIngrid LundenAlex Wilhelm9 hoursLess than 24 hours after it wasreportedToday the companysaidIt also will put in place salary reductions of 30% for executive leadership, 20% for vice presidents and 10% for all other employees, while members ofLyft’sLyft said that it will take a restructuring charge of between $28 million and $36 million as a result, which will come through in its Q2 financials.The news comes in the wake of technology sector layoffs nowcrossing 32,221 peopleThe Lyft layoffs are only a part of the labor discussion. Drivers for Lyft (and other ride-hailing platforms around the globe) are likely seeing similarly reduced incomes. If demand is high, drivers can profit through increased platform spend. If Lyft is cutting staff, it’s easy to presume that platform spend (GMV) is sharply down. This is expected, given the company’s withdrawn 2020 guidance, but worth considering from the perspectiv
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LYFT
News
- Lyft CFO to Participate in Fireside Chat at the Nasdaq Investor Conference [Yahoo! Finance]Yahoo! Finance
- Lyft CFO to Participate in Fireside Chat at the Nasdaq Investor ConferenceBusiness Wire
- Watch Live: Brian Walshe trial testimony could include man involved in alleged affair with Ana Walshe [CBS News]CBS News
- Lyft (NASDAQ:LYFT) was upgraded by analysts at Arete Research from a "strong sell" rating to a "hold" rating.MarketBeat
- Jurors in Brian Walshe's murder trial were shown items covered in possible blood – and other takeaways from Day 3 [CNN]CNN
LYFT
Earnings
- 11/5/25 - Beat
LYFT
Sec Filings
- 12/5/25 - Form 4
- 12/4/25 - Form 144
- 12/4/25 - Form 144
- LYFT's page on the SEC website