Tag: Lyft

Lyft is laying off nearly 1,000 employees — 17% of its workforce — as the coronavirus sends the ride-hailing industry into a nosedive (LYFT)

Lyft said on Wednesday that it would cut nearly 1,000 jobs and had furloughed 288 workers. Both Lyft and its larger competitor Uber have seen ride-hailing volumes plummet during the coronavirus pandemic. Shares of Lyft were up more than 5% on Wednesday, outpacing broader market gains. Visit Business Insider’s homepage for more stories. Lyft said… Continue reading Lyft is laying off nearly 1,000 employees — 17% of its workforce — as the coronavirus sends the ride-hailing industry into a nosedive (LYFT)

Elon Musk admits Tesla’s plan for a million-strong robotaxi network may not happen this year after all (TSLA, UBER)

Elon Musk set a lofty goal last year: 1 million Tesla robotaxis by the end of 2020.  But on Wednesday, the billionaire softened his tone.  “Punctuality is not my strong suit, but I always come through in the end,” he said on a conference call.  It’s been one year since Elon Musk announced his bold… Continue reading Elon Musk admits Tesla’s plan for a million-strong robotaxi network may not happen this year after all (TSLA, UBER)

Lyft ends electric scooter operations in Oakland, Austin and San Jose

Lyft, which just had a massive round of layoffs wherein 982 people lost their jobs and 288 were furloughed, is also pumping the brakes on its scooter operations in a handful of cities. “We’re focusing our resources where we can have the biggest impact and best serve cities and riders,” a Lyft spokesperson said in… Continue reading Lyft ends electric scooter operations in Oakland, Austin and San Jose

Lyft is laying off 982 employees, furloughing a further 288 due to COVID-19 pandemic

Less than 24 hours after it was reported that Uber was considering layoffs of 20% of staff, its big rival Lyft is announcing its own cuts. Today the company said it would be reducing employee count by 17%, working out to 982 employees, and furloughing an additional 288, due to the effects of the COVID-19 pandemic… Continue reading Lyft is laying off 982 employees, furloughing a further 288 due to COVID-19 pandemic

Lyft: Lyft Announces Date of First Quarter 2020 Results Conference Call and Withdraws Full-Year 2020 Guidance

SAN FRANCISCO, April 21, 2020 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq:LYFT) (the “Company” or “Lyft”), today announced that it will release financial results for its first quarter ended March 31, 2020 after the close of the market on Wednesday, May 6, 2020. On the same day, Lyft will host a conference call at 1:30 p.m.… Continue reading Lyft: Lyft Announces Date of First Quarter 2020 Results Conference Call and Withdraws Full-Year 2020 Guidance

Uber will broaden out beyond ride hailing and food delivery during the pandemic to courier packages, medicine, and pet supplies

Uber will expand beyond its core ride-hailing and food-delivery services with a broader courier service for packages, medication, and pet supplies. The ride-hailing giant’s efforts fall under two initiatives, called “Uber Direct” and “Uber Connect.” Uber Direct lets users order items from select retailers and have them delivered directly to their door, while Uber Connect… Continue reading Uber will broaden out beyond ride hailing and food delivery during the pandemic to courier packages, medicine, and pet supplies

@Toyota: Toyota Research Institute’s Kelly Kay Is Transforming Mobility

Toyota Research Institute (TRI) Executive Vice President and Chief Financial Officer, Kelly Kay, is a proponent of change. So much so, she’s centered her entire career around helping companies transform and grow. Early in her career, which began in the banking industry, she helped move the company online at a time when no one else… Continue reading @Toyota: Toyota Research Institute’s Kelly Kay Is Transforming Mobility

Broken partnership: mobility service Gett claims high compensation from VW

Volkswagen and Gett Matthias Müller (left), then Chairman of the Board of Management of Volkswagen AG, and Shahar Waiser, founder and head of the travel agent Gett, will announce a comprehensive cooperation in Berlin in summer 2016. (Photo: dpa) Düsseldorf It should be a large and comprehensive collaboration. Quit almost four years ago Volkswagen and… Continue reading Broken partnership: mobility service Gett claims high compensation from VW

Lyft: Update from our Co-Founders

First, we know no words will do justice to everyone’s individual experience over the last couple weeks. All of us at Lyft feel the weight of our responsibility to the community, particularly right now. Today we wanted to share some of our initial efforts to help. Connecting drivers with additional sources of income While ride… Continue reading Lyft: Update from our Co-Founders