Thread regarding Lyft layoffs

Next Steps

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 before 1/1/2020 - I may be wrong but I am leaving it here with a time stamp - let's see how my forecasting skills are

| 1586 views | | 1 reply (last )
Post ID: @OP+YAFUaT9

1 reply

You are completely wrong they can get a huge bump in profitability just by slowing their hiring (1000 in the past 6 months alone!)

Post ID: @Qovu+YAFUaT9

Post a reply