Ride-share service Lyft has laid off 383 employees at its headquarters—according to a company notice filed with the state on May 10—and has closed its San Francisco driver center. Lyft is the latest company to announce a closure in the city as businesses and residents struggle with skyrocketing crime and an economic decline some have called…
Lyft Lays Off 383 Employees at Headquarters in San Francisco
May 12, 2023
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Lyft Slashes Over 1,000 Jobs, 26 Percent of Its Workforce
April 28, 2023
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Lyft announced that it would lay off 26 percent of its staff, becoming the latest company to initiate cuts in its workforce, as concerns over a potentially deep recession rise. The decision, which was filed with the Securities and Exchange Commission on April 27, will affect 1,072 out of the roughly 4,000 employees at the rideshare…
Lyft to ‘Significantly’ Cut Jobs in New CEO’s First Major Move
Lyft Inc. CEO David Risher said on Friday the ride-hailing company will “significantly” cut jobs in another round of layoffs to reduce costs, sending its shares up about 4 percent. The company declined to provide details on the number of affected staff, but the Wall Street Journal reported earlier in the day the move could…
Amazon Executive to Replace Lyft CEO, President
The co-founders of ride-sharing company Lyft are stepping down from their full-time executive roles and will be replaced by a former Amaon executive, the company announced on Monday. The current CEO and president, Logan Green and John Zimmer, respectively, will transition into non-executive roles as chair and vice-chair of the Lyft board. David Risher, a former Amazon…
California Court Rules Ride-Hailing Firms Including Uber, Lyft Can Treat Drivers as Contractors
A California appeals court ruled on March 13 that app-based companies like Uber, Lyft, and DoorDash can continue to treat their workers in the state as independent contractors rather than employees. The ruling by a three-judge panel of the San Francisco-based court centers around a November 2020 voter-approved law, known as the Protect App-Based Drivers and Services Act, or “Proposition 22,” which…
Family Confirms Missing 74-Year-Old Florida Lyft Driver Dead
MIAMI—A South Florida Lyft driver who went missing more than a week ago has died, his daughter confirmed Tuesday. Lindsay DiBetta posted on Facebook that the family would be announcing information on services for her father, Gary Levin, in the next few days. “My dad was truly a one of kind person, if you knew…
FBI Warns About Child Abductions Through Rideshares
The FBI has issued a public service announcement warning about criminal actors using rideshare vehicles to kidnap minor victims. Though the prevalence of such incidents is rare, the FBI issued the warning due to the “high impact of such events,” the agency stated. The FBI said it has received several reports of child abductions using…
Lyft to Lay Off 13 Percent of Staff in Inflation-Induced Cost-Cutting Push
Ride-sharing company Lyft is laying off 13 percent of its staff, or about 700 employees, excluding drivers, as part of cost-cutting measures amid decades-high inflation in the U.S. economy where the company operates primarily. “We are not immune to the realities of inflation and a slowing economy,” said Lyft co-founders Logan Green and John Zimmer…
Lyft Testing New Pay Algorithm to Lure Drivers
Ride-hailing firm Lyft Inc. said on Tuesday it was testing an earnings algorithm that will allow drivers in 18 U.S. cities to see destination and pay details before accepting a request. The test follows a similar move by bigger rival Uber Technologies Inc. and underlines how the companies are going the extra mile to fix…
Ride-Hailing Firm Lyft Slams Brakes on US Hiring as Recession Fears Mount
Lyft Inc. is freezing all hiring in the United States through the end of the year, a company spokesperson said on Tuesday, making the ride-hailing firm the latest to pause recruitment as high inflation forces cost-cutting measures. The company, which in July cut nearly 60 jobs in its rental division, has been battling surging expenses…
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