Lyft lays off nearly 1,000; puts an additional 288 on furlough [MarketWatch]
Lyft, Inc. - Class A (LYFT)
Last lyft, inc. - class a earnings: 2/11 04:05 pm
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Source: MarketWatch
Shares of Lyft Inc. jumped 4% Wednesday after the ride-hailing service announced deep cuts, including 982 layoffs and the furlough of an additional 288 employees. The layoffs represent 17% of Lyft's workforce. In an SEC filing, the San Francisco-based company estimated it will "incur approximately $28 million to $36 million of restructuring and related charges primarily related to employee severance and benefits costs, the majority of which the Company expects to incur in the second quarter of 2020." Lyft, like its rival, Uber Technologies Inc. , has seen a steep decline in rides as America locks down during the coronavirus pandemic. Lyft stock is down 42% over the last year, while the broader S&P 500 index has improved 0.6%.
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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