Uber, Lyft Gear Up to Layoff Hundreds of Workers Amid COVID-19 Pandemic [The Motley Fool]
Lyft, Inc. - Class A (LYFT)
Last lyft, inc. - class a earnings: 2/11 04:05 pm
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Source: The Motley Fool
Ride-hailing start-upsUber(NYSE:UBERLyftNASDAQ:LYFTIn aregulatory filingIMAGE SOURCE: GETTY IMAGES.In addition to furloughing employees, Lyft is reducing the base salary for employees for a twelve-week period starting in May. Executives will see their salaries reduced by 0%, vice presidents will get a 0% cut, and all other employees will lose 0% of their salaries. Board members are forgoing 0% of their cash compensation during the second quarter, Lyft said in the filing. Lyft expects to take a $8 million to $6 million charge, most of it in the second quarter, as a result of the restructuring.Meanwhile,The Informationwithdrew its guidance for 00Separately, in anSEC filingride-hailing companyEver since the COVID-9 pandemic hit, Uber and Lyft 's businesses have been suffering. With millions of people working and staying home, there has been little need for ride-hailing services.
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News
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LYFT
Earnings
- 2/10/26 - Beat
LYFT
Sec Filings
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- LYFT's page on the SEC website