Uber, Lyft drivers drop price-fixing lawsuit in CaliforniaThe drivers in a filing on Wednesday said they had dismissed their case, which hit a major setback last year when a San Francisco Superior ...
15 Mar, 2024, 09.36 PM IST
Uber, Lyft to pay $328 million to settle New York wage theft claimsUber and Lyft will collectively pay $328 million to settle allegations from New York's attorney general that they systematically underpaid ...
02 Nov, 2023, 08.46 PM IST
Uber, Lyft to pay $328 million to settle New York wage theft claimsDrivers will also be guaranteed minimum hourly rates and paid sick leave, and be given notices and in-app chat support to address their que...
02 Nov, 2023, 04.21 PM IST
Lyft rattles Wall Street as margins suffer in race with UberAt least 16 analysts slashed their price targets on a stock that has widely underperformed the market this year.
06 May, 2023, 08.26 AM IST
Lyft’s new CEO David Risher tackles a job requiring some heavy liftingJust days after taking over as CEO, David Risher came up with a restructuring plan that includes laying off nearly 1,100 employees.
02 May, 2023, 05.36 PM IST
Lyft employees told to return to office as new CEO lays out visionOn Friday, David Risher, the company's new CEO, told employees in an all-hands meeting that they would be required to come back into the of...
29 Apr, 2023, 02.17 PM IST
Lyft to lay off more than 1,000 employees in cost-cut pushRisher, who took over earlier this month, had recently said the company will "significantly" cut jobs, without providing the number of jobs...
28 Apr, 2023, 08.05 AM IST
Lyft to cut at least 1,200 jobs: WSJ reportRide-sharing company Lyft Inc will cut at least 1,200 jobs in another round of layoffs as it looks to reduce costs.
21 Apr, 2023, 09.50 PM IST
We started with a crazy idea, met with disbelief & doubt: Lyft's cofounder John Zimmer says after stepping downUS ride-hailing platform Lyft on Monday announced that cofounders Logan Green and John Zimmer would step down as CEO and president. Green a...
29 Mar, 2023, 12.54 AM IST
Lyft to lay off 683 employees in cost-cutting pushLyft's latest move is expected to result in a charge of between $27 million and $32 million in the fourth quarter. It follows 60 job cuts e...
03 Nov, 2022, 10.37 PM IST
Lyft to slow hiring, assess budget cutsLyft said no employee layoffs are planned and added it would grant special stock options to eligible employees.
25 May, 2022, 10.45 AM IST
Lyft sees sustained profit starting in third quarter on cost cuts, demand reboundLyft said it expected a strong rebound in U.S. travel in the third quarter, when many homebound Americans who hunger for travel are likely ...
05 May, 2021, 12.09 PM IST
Uber, Lyft drivers aren't staff after all, voters in California take a callVoters in trend-setting California backed a ballot proposal by Uber and its allies that cements app-based food delivery and ride-hail drive...
05 Nov, 2020, 07.29 AM IST
Seattle approves minimum pay standard for Uber and Lyft driversUnder the ordinance, effective January, the drivers will now earn at least $16.39 per hour - the minimum wage in Seattle for companies with...
30 Sep, 2020, 09.41 AM IST
California sues Uber, Lyft over misclassifying drivers as contractorsUber in a statement said it will contest the action in court, while pushing for the implementation of its own proposal for additional drive...
06 May, 2020, 11.53 AM IST
This is the year of startup IPO (Whether you like it or not)That “race for liquidity” dynamic is what makes 2019 different from the rest of the decade.
07 Mar, 2019, 07.28 PM IST
Lyft releases first diversity report, showing edge over UberLyft said 18 percent of its tech workers are women, compared with just more than 15 percent at Uber.
02 Jun, 2017, 11.32 AM IST