"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?

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 

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 

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 

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 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 

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 

15% across board. Expect announcement end of month or early May from your DM.

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 

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 

Adding headcount very fast. It's nuts. IPO in the works.