Newsom, who handily won a second term, did not immediately comment on the measure’s defeat. California’s wealthiest residents won’t see a tax increase after voters rejected a measure Tuesday that would have boosted rates on incomes above $2 million to help put more electric cars on the roads. Proposition 30′s defeat marks a win for… Continue reading California voters reject tax on rich for more electric cars
Tag: Lyft
Early results show defeat for California Prop 30, a plan to tax the rich and fund EVs
Californians seem to be voting against a proposal on the midterm election ballot that would tax the wealthiest Californians to help pay for electric vehicle tax incentives and EV charging infrastructure in the state. With about 53% of the state’s votes counted, Proposition 30 was losing 57.3% to 42.7%, according to California’s Secretary of State. California… Continue reading Early results show defeat for California Prop 30, a plan to tax the rich and fund EVs
Lyft takes $135.7 million hit on Argo AI shutdown
Ride-hailing company Lyft lost $135.7 million in the third quarter due to the shutdown of autonomous vehicle company Argo AI, in which Lyft had a small stake. Late last month, Argo AI closed its doors as its main backers, Ford and Volkswagen, pulled their investments in order to focus on more near-term goals like advanced… Continue reading Lyft takes $135.7 million hit on Argo AI shutdown
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Nov 7 (Reuters) – Ride-hailing company Lyft Inc (LYFT.O) on Monday forecast current-quarter revenue slightly below Wall Street estimates, hurt by competition from Uber Technologies Inc even while demand for rideshare picks up and prices rise. Lyft’s shares were down 9% in extended trading. The stock has lost nearly 70% of its value so far… Continue reading Gallery
German Manager Magazin: Shannon Liss-Riordan: This top lawyer is representing the fired Twitter employees002128
at Twitter events rolled over backwards last week. Immediately after taking over the short message service, the new owner fired Elon Musk (51) Twitter management. A little later, the multi-billionaire started doing it, around half of his 7,500 employees dismissed by email. There is talk of chaotic and anonymous mass layoffs. “Looks like I’m not… Continue reading German Manager Magazin: Shannon Liss-Riordan: This top lawyer is representing the fired Twitter employees002128
This Week in Transportation News: 7 Stories You Need to See
A roundup of the week’s most newsworthy auto and transport industry press releases from PR Newswire NEW YORK, Nov. 4, 2022 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists covering the auto and transportation industries stay on top… Continue reading This Week in Transportation News: 7 Stories You Need to See
Amazon freezes hiring at its corporate offices
Amazon is joining the ranks of tech companies freezing their recruitment plans. Engadget has obtained a memo from Senior VP Beth Galetti (since published) revealing that the company will “pause” hiring at its corporate offices for a few months. The internet giant will still replace departing employees and hire new people in “targeted places,” Galetti… Continue reading Amazon freezes hiring at its corporate offices
Lyft lays off 13% of workforce as it tries to slash operating expenses
Lyft said Thursday it is laying off 13% of its workforce as it tries to reduce operating expenses, according to a securities filing. The ride-hailing company described the cuts as proactive step to ensure it “is set up to accelerate execution and deliver strong business results in Q4 of 2022 and in 2023.” Lyft also… Continue reading Lyft lays off 13% of workforce as it tries to slash operating expenses
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Nov 3 (Reuters) – Lyft Inc (LYFT.O) said on Thursday it would lay off 13% of its workforce, or about 683 employees, in the ride-hailing firm’s latest cost-cutting step to cope with a weakening economy. As decades-high inflation hits consumer spending and drives up costs for businesses, companies across sectors are cutting jobs and downsizing… Continue reading Untitled
Lyft to lay off 13 percent of its workforce as economic outlook darkens
Illustration by Alex Castro / The Verge Lyft is laying off 13 percent of its workforce in the second round of major cuts to hit the ride-hailing company this year. The layoffs, which were first reported by The Wall Street Journal, are expected to affect hundreds of roles. Lyft has more than 4,000 employees, which… Continue reading Lyft to lay off 13 percent of its workforce as economic outlook darkens