Yesterday Uber today Lyft screen cut off. the rest says: • LYFT INC - MEMBERS OF COMPANY'S BOARD OF DIRECTORS HAVE VOLUNTARILY AGREED TO FOREGO 30% OF THEIR CASH COMPENSATION FOR Q2 OF 2020 • LYFT INC - MAJORITY OF RESTRUCTURING AND RELATED CHARGES IS EXPECTED TO BE INCURRED IN Q2 OF 2020 • LYFT - 30% REDUCTION IN BASE SALARY FOR EXECUTIVE LEADERSHIP, 20% FOR VICE PRESIDENTS AND 10% FOR ALL OTHER EXEMPT EMPLOYEES FOR TWELVE WEEK PERIOD
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Confirmed. 😣17% layoff, 5% furlough
Sorry to hear!
Sorry friend. If we open up hiring ever again I'll shoot you a referral.
How many engineering ?
We're still waiting for more details about who all is impacted and how it was decided. But some eng was definitely affected.
Sorry to hear that !
Any details re: severance terms? Sorry to hear, truly terrible news.
On payroll till July mid and have healthcare till end of October. Also will get the rsus that were vesting in May
Just 2 months severance?
Flagged for vulgar language.
I had an onsite with them last month after shelter at home order. The recruiter insisted they are not being affected by covid-19 and was telling me they planned to hire 2000 ppl this year. Looks like that explained why they didn’t get back to me after the interview.
They got back to me and made up some bullshit excuse why I didn't pass. I actually knocked it out of the park
Uber, exactly the same happened to me. Performed really well and the reason for rejection was: all thumbs ups from interviewers, hiring committee really liked you, but...some of the answers were "not colorful enough". That interview felt like the greatest waste of time in my life
That is so weird that the pay cut is only for 12 weeks? They must be dreaming. But the layoffs are permanent..? Nice. Good to know a company’s priorities.
Paycuts may be decided upon later too
How the hell would you know MIRAGE2000?
This is pretty bad. Snap is hiring engineers in NYC if anyone is looking. DM me if interested.
Hiring Engineering Managers too ? Please let me know
I’m a bit surprised they are. How are snap’s financials?
Probably jealous that new grads at Lyft were making more than staff engineers at IBM
How about Level 5? No layoffs in that department?
No department was spared
What’s Level 5?
What’s this source? Any Lyft employee can confirm?
https://twitter.com/kateconger/status/1255526352813535232?s=21
https://www.sec.gov/ix?doc=/Archives/edgar/data/1759509/000119312520125193/d848949d8k.htm