So far, a bunch of folks were laid off in Nashville this week. That's all I know.
Now we know for sure layoffs are coming
We assumed we would be looking at major layoffs with the new CEO and his history, but now we finally have confirmation. It doesn't matter. Lyft hasn't been the same company I joined years ago for a while now. I'll be happy to take severance and walk... — read more
Former Amazon exec named new CEO
Lyft has been scrapping with Uber for years for a bigger sliver of the car-share market, but its new CEO thinks that the challenges to the company go beyond just its longtime competitor. The company’s founders have just stepped back from their... — read more
"Silicon Valley is telling us something about the recession to come with a huge wave of layoffs and hiring freezes this week" https://fortune.com/2022/11/03/tech-company-layoffs-are-a-recession-signal-apple-stripe-lyft-amazon-twitter/
How are companies like snap and lyft handling employee comp drop due to their stocks taking a massive hit this year? Are you getting in year stocks or are you asked to suck it up and deal with it?
What's severance package like?
Is anybody willing to provide details? I don't work at Lyft but I was in a similar situation with Uber a few years ago and the separation package left a lot to be desired. I'm wondering if Lyft is any better or if it's basically all the same. I left... — read more
So much for promises of no layoffs
Layoffs today at Lyft, it's a major round. Over 500 people were let go. I'm a software engineer and I got lucky, but some of my closest coworkers didn't and were let go. This is a sign for me as well to start looking for a new position as soon as... — read more
Are layoffs next?
Lyft freezes hiring amid uncertain economic conditions and rising inflation Ride-hailing company Lyft Inc. said today it’s freezing all hiring in the U.S. through the end of the year amid uncertain economic conditions and rising... — read more
If you didn't see this coming, you haven't been paying attention
This is only the first wave of many more to come if other tech companies are anything to go by. With everybody else laying off as well, there's not much to do but hope we're not next. Finding a job right now is nowhere as easy as it was a year ago or... — read more
Lyft joins Uber in 'significantly' slowing hiring and cutting budgets, but promises no layoffs: WSJ
Lyft will be scaling back on hiring and reducing budgets amid concerns of an economic slowdown, but it's stopping short of firing workers, the Wall Street Journal reported on Tuesday. The rideshare startup joins a growing list of tech companies that... — read more
Are you going back?
Now that the revenue is up and the stock is on the rise and everybody is happy once again, are you planning to go back? I have zero desire to help them line their pocket once again after they treated me like trash last year at the worst possible time... — read more
That's a very specific number. If they have a number like that, then they have the names already. Then why not let us know? So we can worry a little longer? Stress more about... — read more
Layoffs coming. No distinction between tech/non-tech roles.
15% across board. Expect announcement end of month or early May from your DM.
Tech vs Non-Tech Role Layoffs @ Lyft
If you are in a technical role you are pretty much safe. Everyone else should be cautious. I am not saying cuts will happen but there is a ton of flux at Lyft right now and things will continue to shift and mold from the business standpoint. This... — read more
If you look what happened with SNAP after going public, a pattern emerges. In short, there will be a pressure from the Street to bump up financial results, as growth is stalling they will turn to cost cutting. I'd expect 500 to 1000 to be laid off... — read more
Lyft Layoffs in Boston
Source below. Not sure if this is 100% accurate but sharing the story. I do not work for Lyft, do not work in the industry, just stumbled upon this article and did a bit of research on Lyft. Apparently they never had layoffs, and given how cutting... — read more
No layoffs, hiring like there is not tomorrow and IPO WIP
Adding headcount very fast. It's nuts. IPO in the works.