Lyft layoffs Incoming?
Huge stock drops are the early signs of incoming layoffs. Happened with quite a few tech companies: Meta, Snap, Intel, Amazon, Google. Will Lyft engineers go from engineering to driving people around? #layoff
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Salesforce VKfa10 Feb 9, 2023
Did you know they did layoff already?
Roku jackspax Feb 9, 2023
Wtf is the second option about? Big bonus for ceo ?
U.S.Bank yMXr36 Feb 10, 2023
Company is for sale. ๐โโ๏ธasap
EPAM Systems xdrf Feb 17, 2023
This was confirmed on the earnings call and all hands with employees , so expect it around April
The irony is that their preferred metric of adjusted EBITDA doesn't price in employee stock grants, so the November layoffs hurt that metric (cash severance payouts but no recognized decrease in grants) is delicious
They should have used EBATACIDWTC: Earnings Before All The Annoying Costs I Dont Want To Count.
Curious why you think it hurt that metric? 12 weeks base vs 3 months pay is net positive and it seems like things shipped as they would irregardless of RIF. Without layoffs, spend on cash comp would be even higher?