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The Latest Breaking News from Lyft

Lyft plans job cuts that may hit 30% of staff in overhaul

Ride-hailing company Lyft Inc. plans to cut at least 1,200 jobs in a fresh round of layoffs as the company struggles to reach profitability and compete with bigger rival Uber Technologies Inc.

Tribune News Service

Lyft gears up to make 'significant' layoffs under new CEO

Lyft is preparing to lay off hundreds of employees

The Independent UK

Lyft is the latest tech company to cut jobs

Lyft will "significantly reduce" its staff to cut costs, said CEO David Risher, who took over as the ride-hailing company's leader just this week.

WEKU

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Lyft driver charged with firing gun in South Loop movie theater in dispute with passenger

Babacar Mbengue, 35, of Oakland on the South Side, is charged with reckless discharge of a firearm, Chicago police said. No one was hurt.

Chicago Sun-Times

Uber, Lyft drivers need protection from ‘deactivation’ over bogus rider complaints

Uber and Lyft claim deactivations are the company’s response to concerns raised by customers, but too often, good responsible drivers who are innocent are unfairly fired.

Chicago Sun-Times

Uber’s CEO moonlighted as a driver, and it pushed him to change how he runs the company

An experiment to put himself in drivers’ shoes pushed Uber’s CEO to “reexamine” his assumptions about the company.

Fortune

Who's sending mystery Uber Eats orders to LA neighborhoods? The plot thickens

LOS ANGELES — Separated by about 16 miles of traffic-snarled L.A. roads — and an income bracket or two — Westwood Hills and Highland Park may not seem like they have a lot in common.

Los Angeles Times

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To earn profit, Lyft hired a CEO from a non-profit

David Risher, who will become Lyft's new CEO in mid-April, has spend the last 14 years leading a non-profit group.

Fortune

Lyft's new CEO says its competition isn't just Uber, it's a 'battle against staying at home'

Lyft and Uber have gone head-to-head for in the ride-share market for over a decade, and the pandemic-era lockdowns heightened the competition.

Fortune

We were told we'd be riding in self-driving cars by now. What happened to the promised revolution?

According to predictions made nearly a decade ago, we should be riding around in self-driving vehicles today. It’s now clear the autonomous vehicle revolution was overhyped.

The Conversation

Ride-Share and Delivery Drivers Are Independent Contractors, Says Court

Plus: College says abortion art runs afoul of state law, the politics of Silicon Valley Bank's collapse, and more...

Reason

California court says Uber, Lyft can treat state drivers as independent contractors

The ruling mostly upholds a voter-approved law that said drivers for ride-share companies are independent contractors and are not entitled to benefits like paid sick leave and unemployment insurance.

WEKU

California court rules for Uber, Lyft in ride-hailing case

A California appeals court has ruled companies like Uber and Lyft do not have to treat their drivers as employees

The Independent UK

Should You Kick Lyft Stock to the Curb in 2023?

Shares of ride-sharing company Lyft (LYFT) plummeted more than 75% over the past year. An unexpected fourth-quarter loss and disappointing revenue guidance for the first quarter of 2023 contributed to the weakened investor sentiment. Given its massive losses, weak guidance, fierce competition among industry peers, and low profitability, is it…

StockNews.com

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The Guardian - US

‘Hard to ignore Julie Su’: Biden’s labor secretary pick fights for confirmation

Supporters fear Su, the deputy labor secretary, might have a hard time getting the needed Senate votes as some business groups oppose her nomination

The Guardian - UK

First Thing: seven killed in shooting at Jehovah’s Witness hall in Germany

Chancellor Olaf Scholz denounces ‘brutal act’ after suspected gunman found dead. Plus, the people who inherit hobbies from loved ones

The Guardian - US

‘It was traumatic’: Uber, Lyft drivers decry low pay and unfair deactivations

Drivers call for regulation of rideshare companies they say collect up to 50% of fares and arbitrarily close workers’ accounts

Los Angeles Times

Brian Merchant: Uber and Lyft's 'deactivation' policy is dehumanizing and unfair. It must end

By any metric, James Jordan was an exemplary Uber driver. Starting in 2016, he worked 10 hours a day, six days a week. Over the course of 5 1/2 years, he logged 27,000 trips and maintained a rating of 4.95.

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Los Angeles Times

Brian Merchant: Will self-driving cars make LA's world-famous traffic even worse?

For some reason — no one seems to know just why — the self-driving cars can't stay away from a random sleepy block in Santa Monica.

The Conversation

Ride-share companies are losing billions, so why their interest in unprofitable public transport?

Why do Uber, Lyft, Didi, OLA and other ride-sharing companies want to partner with public transport agencies? For Uber and Lyft, the reason is simple: their business plans were based on eventually using driverless vehicles to eliminate their main cost, the labour cost of the driver. But human drivers won’t…

Los Angeles Times

UC Riverside should investigate economics research center, faculty say

LOS ANGELES — Some University of California faculty members are raising the alarm about a research center affiliated with UC Riverside that they say uses corporate funding for reports "attacking proposals to improve the lives of working Californians."

Tribune News Service

NYC Lyft and Uber drivers are getting less of the fare per ride: UCLA report

NEW YORK — Uber and Lyft have more than doubled their the size of their cut of New York City customers’ fare money — far outpacing the pay raises seen by their drivers, a new study says.

The Independent UK

Missing Florida Lyft driver found dead as car surfaces in North Carolina

Gary Levin’s car found across state lines in North Carolina

The Independent UK

Companies pledge millions in fed effort to stem road deaths

Nearly 50 businesses and nonprofits including rideshare companies Uber and Lyft and industrial giant 3M are pledging millions of dollars in initiatives to stem a crisis in road fatalities under a new federal effort

The Philadelphia Inquirer

Taxi drivers don’t want to give up their prime airport pickup spots to Uber and Lyft

Taxi drivers may soon have to pick up passengers at the airport in a different area, farther from the airport doors, as the city plans to swap out the taxi zone and the rideshare zone. The Taxi Workers Alliance of Pennsylvania is suing the city in an attempt to prevent…

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