The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subscribe for free. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point… Continue reading Lyft layoffs arrive, GM kills off the Chevy Bolt and Tesla makes a ‘deep fake’ defense
Tag: Lyft
Lyft to lay off more than 1,000 employees in cost-cut push
Separately, Lyft also said it will eliminate three layers of management from 8 to 5 and divide its rideshare business into three core teams. Ride-hailing firm Lyft Inc said it will lay off about 1,072 employees, or 26% of its workforce, in one of the first steps by the new Chief Executive David Risher, sending… Continue reading Lyft to lay off more than 1,000 employees in cost-cut push
Lyft layoffs to affect 26% of workforce
Lyft said Thursday it will cut 26% of its workforce, or about 1,072 people, as part of a restructuring plan aimed at rebuilding its core ride-hailing product and boosting profits. The company also said in a regulatory filing Thursday that it decided scale back hiring plans and will eliminate 250 open job positions. Lyft estimates… Continue reading Lyft layoffs to affect 26% of workforce
Lyft is laying off 26 percent of employees
The ridesharing company is shedding 1,072 jobs. Lyft had warned of impending layoffs last week, and now it’s taking action. The ridesharing company is cutting 1,072 jobs, or about 26 percent of its employees. It’s also scaling back hiring and will scrub 250 open roles. The decision will carry severance and benefits costs of up… Continue reading Lyft is laying off 26 percent of employees
Grubhub, Joco team up to give NYC delivery workers access to e-bikes
Grubhub is launching a pilot program with Joco, a docked e-bike rental platform based in New York City, to provide at least 500 gig delivery workers with free access to e-bikes. Ensuring that delivery workers have access to high-quality e-bikes has been a major discussion point in NYC after a spate of battery fires. Grubhub’s… Continue reading Grubhub, Joco team up to give NYC delivery workers access to e-bikes
Cruise robotaxis now run all day in San Francisco, with public access after 10 p.m.
A Cruise vehicle in San Francisco, California, on Wednesday Feb. 2, 2022. David Paul Morris | Bloomberg | Getty Images Kyle Vogt, CEO and founder of GM-owned autonomous vehicle company Cruise, announced Tuesday that the company’s robotaxis are now running around the clock in San Francisco. The company’s paid, driverless service is a step towards… Continue reading Cruise robotaxis now run all day in San Francisco, with public access after 10 p.m.
China EVs rising, Tesla loses profit ground and Lyft preps for deep cuts
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subscribe for free. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point… Continue reading China EVs rising, Tesla loses profit ground and Lyft preps for deep cuts
Honey, I shrunk the revenue multiple
With new leadership and a soon-to-be-thinned employee base, Lyft is going to look a heck of a lot different at the end of 2023 than it did at the start. After its co-founders said they’d relinquish their roles as CEO and president in March, the company last week said it intends to dramatically cut its… Continue reading Honey, I shrunk the revenue multiple
Lyft to make ‘significant’ cuts across ride-hailing company
Lyft’s newly appointed CEO David Risher told employees in an email Friday that the company is significantly reducing its workforce as part of a restructuring effort. Risher said the restructuring is part of Lyft’s plan to “better meeting the needs of riders and drivers.” The company confirmed that it has not changed its guidance for… Continue reading Lyft to make ‘significant’ cuts across ride-hailing company
Lyft’s new CEO begins tenure with layoffs, reportedly cutting 1,200 jobs
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Ride-sharing app Lyft will lay off a significant… Continue reading Lyft’s new CEO begins tenure with layoffs, reportedly cutting 1,200 jobs