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.
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...
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.
Tech industry job cuts come rapidly and in big numbersEven with all of the layoffs announced in recent weeks, most tech companies are still vastly larger than they were three years ago.
‘Have to fake being employed every day.’ Sacked Meta executive has not yet told his parents about pink slipAnkit Tiwari was one of the 11,000 employees to be laid off.
Uber CEO says won’t cut jobs despite mounting tech layoffsUber Technologies Inc. isn’t considering cutting jobs even as competitors from DoorDash Inc. to Lyft Inc. slash staff to deal with an uncer...
Facebook parent Meta planning massive layoffs: reportAs of September 30, Meta had about 87,000 employees worldwide across its different platforms, which include social media sites Facebook and...
US tech layoffs skyrocket as companies struggle with shrinking global economySackings have intensified over the past few days, with several startups -- foreign and Indian -- firing workers to cope with the severe dea...
Spotify to slow hiring by 25% amid economic uncertaintySpotify Chief Executive Officer Daniel Ek informed the staff via email Wednesday that the world's largest on-demand audio service would con...
View: Gig workers are employees. Start treating them that wayIn the wake of a California ballot proposition passed in November and a rule just released by the Trump administration, it appears that the...
SoftBank-backed ride-hailing firm Grab set to announce layoffsThe ride-hailing industry has been battered by the pandemic, with firms from Uber, Lyft in the United States to India's Ola cutting jobs an...
Uber is reducing workforce by 14% and signals more cuts to comeUber instituted a hiring freeze in March, withdrew its financial forecast and wrote down some $2 billion worth of investments in April and ...
Coronavirus triggers work-from-home trend in Seattle: Amazon gives 50K employees green light to operate remotely; FB, Google ask staff to stay away from officeTech firms have also been taking precautions closer to home in Silicon Valley.
Ride-hailing startup Lyft files confidentially for US IPORide-hailing companies have attracted billions in venture capital, and 2019 will test whether the money-losing businesses withstand wider i...
Hail Masayoshi Son: An investor behind 4 of the world's 11 largest startupsIf both stocks were publicly traded, one could imagine Uber plummeting, and Lyft rising. Most people saw those comments for what they were:...
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.
Uber and Lyft want to replace public busesOver the past several years, ride-hailing companies and local government officials have often had an uneasy, sometimes outright hostile rel...