111–120 of 595 posts
- They also are in industries that entirely use gig workers with personal contact in 90% of their services(airbnb the least of these).
- I don't see other tech companies getting hit this hard(the sky is not falling!).
- I really, really hope these laid off engineers find other jobs quickly and land on their feet.
Lyft is up 5% today, but the market (S&P 500) is generally up 2.94%.
I don't see them winning the self driving car battle. Tesla / Google have better brands and better salaries, that probably would keep the best talent away from Uber.
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That's because there is at least 17% less share dilution than there was a day before, let alone the runway being marginally extended. So speculators don't get dumped on by employees with RSUs all day every day, and the business prospects are not adversely impacted any more than they already were. Thats when you pay more for shares. Layoffs are proactive for investors, not an omen for investors, don't get that confuse…
If this is really a factor in the stock price, then that company is toast. When an employee is hired, the assumption is that that employee's all-in hiring cost is less than the increase in value for all shareholders. That means if you pay an employee $250K a year, including stock, the shareholders better be getting more than $250K back in value. By your reasoning, the shareholders are losing more by dilution than the…
no voting rights, no dividends, create shares, dump on investors
the limits of this tolerance was pushed and pushed in the macro environment of there being nothing else to invest in
if share price goes up, profitability "just a few quarters away", the employee value proposition or executive handcuffs are not factored in
for a long time the "share price" trend of tech companies has not been important because a steady share price means that it is amazing that wall street tolerates being dumped on and keeps placing large enough bids to absorb the constant sell pressure from an open spigot of unlimited authorized shares to create. even a moderate down trend is okay since the employees are dumping shares monthly instead of stuck a long for the ride for at least a year. rising share prices just being icing on the cake.
This seems like a great time for Amazon or Google to buy Lyft. Amazon could bundle rides with package deliveries and get the pre-existing driver and passenger network from Lyft. Lyft was actually telling drivers to work with Amazon when the pandemic started (1). Waymo could take Lyft’s aggregated rider demand. They already have a partnership to transfer autonomous rides from Waymo to Lyft during bad weather situation…
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Isn't a "jetty" a defensive barrier to protect a harbor against storm tides? Dumb move to accidentally invite everyone to a meeting with a codename, but not a dumb codename as you protect a company from a storm.
Not to get too far on this tangent, but, for me, "jetty" doesn't evoke "jettison" but either: 1) Those little docks like in Venice (cf. "Let me off at this jetty" in The Last Crusade ). 2) The jetty server library that Jenkins uses which shows up in error messages.
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This seems like a great time for Amazon or Google to buy Lyft Or maybe Apple. Apple has been pouring millions into improving its street views in Apple Maps. It should buy Lyft. Pay the drivers an extra $x/mile to clamp the Apple Maps image gathering device to the roofs of their cars. The drivers win because they get a bump in income in an industry that's already hurting. Apple wins because it gets up-to-date informat…
This gives you high frequency data of common roads at an incredible cost. Street views only need very low frequency data of all roads, so you'd be paying a premium for data that isn't needed while still having a gap.
Do we have a list of affected individuals listed to work on interesting projects?
Wish HN can curate a Database of individuals open to working on special projects that could lead to a YC submission
As a company, is there reason to believe that Uber can better weather the storm? Does Lyft do anything other than rides?
They had scooters for a while, no clue if they shut that down in recent months. Haven't been itching to scoot lately... I wonder if a giant will scoop up one of these companies after they are beaten to the point of death?
“Bringing People Closer Together”
Seems to fit...
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What does this mean?
It means their comments show up as [dead] until they’re vouched by others.
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>I think people reasonably expect that when a company makes a serious decision that affects hundreds of people’s livelihoods, that they effect a pretty somber tone. This case sounds like an unfortunate mistake, I’m sure they intended to present the material in a somber manner. That said, it begs the question on if what should be expected behind closed doors.
> This case sounds like an unfortunate mistake, I’m sure they intended to present the material in a somber manner. The tone of the presentation is far less important than the tone in the minds of the people doing the presenting. You can present as somberly as you want, but if a laugh track is secretly playing inside their heads, they can fuck all the way off. Workers deserve actual compassion, not the facade of it.
Which OP sort of implied the sentence right after.
I'm pretty sure if most people heard the discussions that go on in management meetings, especially at high levels, they'd be pretty irate. I've been in a few at different organizations and I don't have the moral flexibility to treat people like disposable garbage our sociopathic business 'leaders' have. Most people suspect this is the case but are satisfied to hear PR lies--as long as the message isn't offensive (which I don't understand why, I prefer direct messaging so we can cut the BS).
We need a serious social revolution in labor rights and expectations in this country. Not sure if its a really bad or good time for it but I think its one of the two.