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Lyft Lays Off Nearly 1,000 Employees As Virus Saps Demand For Rides

With many U.S. cities on lockdown, demand for rides has dried up, exacerbating the financial woes of ride-hailing apps like Lyft. Bing Guan/Bloomberg via Getty Images hide caption

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Bing Guan/Bloomberg via Getty Images

Coronavirus Updates

Lyft Lays Off Nearly 1,000 Employees As Virus Saps Demand For Rides

April 29, 2020 • The ride-hailing company is also furloughing hundreds of workers and cutting pay as it tries to reduce costs during the coronavirus pandemic.

Uber And Lyft Drivers Are Striking — And Call On Passengers To Boycott

Uber and Lyft drivers in a number of U.S. cities were striking Wednesday, calling for higher wages and better working conditions as Uber prepares to go public on Friday. Its valuation may be as high as $91 billion. Richard Vogel/AP hide caption

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Richard Vogel/AP

Business

Uber And Lyft Drivers Are Striking — And Call On Passengers To Boycott

May 8, 2019 • Strike organizers timed the action to draw attention to drivers' wage cuts and persistent job insecurity ahead of Uber's IPO on Friday, when the company's valuation may be as high as $91 billion.