35% Equity cut for all remaining.
Lyft going all in to cut all employee costs. This is on top of layoffs. No bonus or base pay increases. Base pay cut for new employees if backfilled.
I mean is Lyft going to survive TBH? Just a cab company
I don't remember the last time Lyft launched a feature. To maintain a taxi company, I'm not entirely sure why it needs to pay top dollars for top talents. Business folks needs to think how to get more market shares though.
Agree and not even global just North America taxi company …
Yes it will be twittered. An app with a ten people dev team, a backend with ten devs on top of aws, and dev ops team
Word of the day "Twittered"
If you are still working for Lyft can I have referral
Hiring freeze dawg. Most openings are in Mexico or Eastern Europe
How is the pay in Mexico? I am interested in remote working from Mexico if the pay is not bad.
All their job postings for engineering is now in Mexico and Czechia
F
There is a head of inclusion and diversity role in US
All these years I’m still amazed at how much hate a place like Meta gets yet this shitshow of a company goes relatively unscathed here. I still giggle about the time they magically converted all DAs into DSs overnight.
Didn't they pay well tho and had good culture? Meta didn't have both
What’s DA and DS?
Well... why pay top dollar for employees working on maintaining a taxi app? Let's be serious here, it's time to cut costs big time. Lyft should lay-off 80% and cut wages for remaining maintainers.
This level of cutting-edge analysis is what I am here for.
Lol, how’s bard doing these days? Google search ?
They justbought ChatGPT subsciption it seems
Makes sense from the company’s perspective. I would expect cuts at other companies that have yearly RSU grants or front loaded grants when business is in trouble. Similarly, I wouldn’t be surprised if companies like Dropbox cut refreshers.
Do you know if they rescinded new grad offers?
For already granted and currently vesting equity?
Lyft only offers 1 year equity. So it’s fresh every year. Starts May 21
Which means they will complete layoff before May 21 😭