Target RSU per year is 33% lower. No merit increase for base pay this year. If and only if Lyft stops tanking now, most people will passively look for a new job now.
Did they retroactively take away 35% of granted equity? Like future years equity they already promised?
They changed to an annual rsu policy so it’s probabaly not so relevant. Even for those who joined earlier, stocks probably have tanked so much that’s it’s below the original/current target anyway
Lyft does yearly grants
New CEO is doing what needs to be done to save the company.
Agree on the cost saving part, but it’s really only a one time thing. We still need to turn around rideshare by winning market shares back
This is deflation happening
Bro, the Taco bell near me had chicken chipotle melt prices to 2.5$. What you talking about?
Give it time bro , it happens to asset prices first 🤡
What was the rationale going from Meta to Lyft ? Do they have better keg parties ?
Project and scope. My scope on a high priority business area is still bigger at Lyft , which is probably why I survived the massive lay off. Target TC was also significantly higher but right now it’s only slightly higher.
I take all cabs now for work, I landed at thr Airport yesterday and walked past 2 long lines for lyft and Uber and went straight to a cab, sat down and we drove away. Sure it's more.money but I ain't paying for it
Yeah I do that too especially when it’s subsidized
What am I missing? I always felt Uber was instant, easy and better priced (in the Bay Area)
If u still work for Lyft then better switch to be a driver. Uber killed it long back..
Warn website shows lyft has given notice for upcoming layoff
It already happened yesterday
why are all of lyft’s current job openings in Ukraine?
sweetheart, why do you think so? lmao
@Dataminr idk explain it to me like i’m a cat
I am laid off and don't know the exact details communicated today but I believe this wouldn't have any affect. Bcoz most ppl have a equity higher than target comp. Ex: I joined as T5 and my equity as per joining letter was 200k/yr. Even though target equity for T5 was 175k, I would still get 200k(if I get Meets rating) as per Lyft compensation policy. Those who got promoted internally will not have a defined target equity at new level. This would affect only them. Rest all night get same refreshers
Are you buying puts against earnings?
Not sure what puts is!! 😂 I know it's related to options but don't understand what puts/calls are. I just know they are opposites. Regardless, I believe Lyft will recover and wish it success. It's the timeline that's unclear to me.
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They are on the verge of bankruptcy. They have bigger problems than your RSUs.
Don’t get me wrong. I’m still grateful that I have a job at a reduced rate, but the risk/reward ratio of working at Lyft is making less sense now. Attrition certainly will increase.
Attrition happens when people find jobs which pay more than current?