SAN FRANCISCO — Lyft said on Wednesday that it was embarking on a corporate restructuring that would result in job cuts, as the ride-hailing company grapples with questions about whether it can make money. The layoffs will affect around 90 people in Lyft’s marketing and enterprise sales departments, the company said. In marketing, Lyft is… Continue reading Lyft Plans Job Cuts as Part of Restructuring – The New York Times
Tag: Uber
SoftBank wants its on-demand portfolio to stop losing so much money
SoftBank wants its competing portfolio companies to stop losing so much money and, in some cases, to merge. That’s the news out from Financial Times today, which reported that Uber and DoorDash discussed merging last year. The talks didn’t wind up in a deal. The two companies, each heavily backed by SoftBank and its formerly… Continue reading SoftBank wants its on-demand portfolio to stop losing so much money
Lyft is planning to cut 90 jobs and make changes to its marketing and sales teams, ahead of its February earnings report (LYFT)
Lyft is planning to cut jobs and restructure teams, in news first reported by the New York Times Since its debut on the public market last April, Lyft has fended off investor concerns and questions on its ability to turn a profit. The report comes ahead of the company’s first fiscal quarter earnings report in… Continue reading Lyft is planning to cut 90 jobs and make changes to its marketing and sales teams, ahead of its February earnings report (LYFT)
Lyft confirms 90 layoffs as it targets profitability
Shares of popular American ride-hailing giant Lyft are off 1.5% today in regular trading after The New York Times reported that the company would cut some staff. TechCrunch confirmed with the company that 90 individuals are expected to be impacted by the changes. The company’s shares dipped as far as 3% before recovering. In a… Continue reading Lyft confirms 90 layoffs as it targets profitability
Lyft cuts 2% jobs on journey to profitability
FILE PHOTO: A Lyft bicycle is shown at the Lyft listing on the Nasdaq during an IPO event in Los Angeles, California, U.S., March 29, 2019. REUTERS/Mike Blake (Reuters) – Lyft Inc (LYFT.O) said on Wednesday it had cut about 2% of its workforce, or 90 jobs, as the ride-hailing company seeks to achieve its… Continue reading Lyft cuts 2% jobs on journey to profitability
Lyft: Self-Driving Research in Review: NeurIPS 2019
By: Peter Ondruska, Head of AV Research and Vladimir Iglovikov, Software Engineer Neural Information Processing Systems (NeurIPS) is one of the largest machine learning conferences in the world. There’s such high interest in attending that tickets are distributed through a lottery system! If you weren’t able to make it, you’re in luck. We’ve collected the most relevant… Continue reading Lyft: Self-Driving Research in Review: NeurIPS 2019
Cruise’s New ‘More Than A Concept’ Robotaxi Presages A Battle With Zoox – Forbes
Cruise, a unit of General Motors with investment from Honda, revealed a new “not a concept” self-driving vehicle last week. The vehicle is custom designed for self driving, with large sliding doors, electric drive and face-to-face seating. Cruise CEO Dan Ammann outlined their vision for the vehicle and it has much in common with the robotaxi vision… Continue reading Cruise’s New ‘More Than A Concept’ Robotaxi Presages A Battle With Zoox – Forbes
SoftBank makes self-driving push in Japan
TOKYO — SoftBank Group is making a push for self-driving buses in Japan, unveiling on Monday a plan to carry passengers on public roads from April. Sakai, a town on the outskirts of Tokyo, plans to begin operating vehicles on a 2.5 kilometer route, making stops at spots like banks and schools. Navya, a French… Continue reading SoftBank makes self-driving push in Japan
Busuu Acquires Verbling
Busuu, a London, UK-based language-learning platform, acquired Verbling, a San Francisco, CA-based live video tutoring company, for a double-digit million amount. With the acquisition, Busuu will expand into the live video tutoring space for its consumer users and corporate clients. Following the acquisition, Verbling’s team members, including co-founders Mikael Bernstein (CEO) and Gustav Rydstedt (CTO)… Continue reading Busuu Acquires Verbling
Via’s CEO explains how the company is beating Uber and Lyft at shared rides — and building better public transit networks at the same time
Via CEO Daniel Ramot didn’t mince words when it came to the problems with Uber and Lyft, and the detrimental effects of personal vehicles on crowded cities. Ramot said he looks forward to taking the shared-rides provider public in the future, but stopped short of a timeline. In addition to a consumer service, Via provides… Continue reading Via’s CEO explains how the company is beating Uber and Lyft at shared rides — and building better public transit networks at the same time