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Lyft lays off 17% of workforce, furloughs hundreds more

cnbc.com

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Re: Lyft lays off 17% of workforce, furloughs hundreds more

#151

Post by 0xDEEPFAC »

wonderwonder wrote: post #121

Layoffs are mounting, alternative work is limited, and the unemployment systems in many states are either broken or running out of funding. Add the federal governments indicated desire to let blue states go bankrupt and we are looking at a good combination to enter a depression. Its a pretty sobering time.

Perhaps its time to go back to basics. A focus on health, store-able foods, alternative investments which might survive bond/stock market issues, and family would be imperative in such a "new normal."

Vaccination certificates and debt forgiveness incoming? Who knows anymore - what harm is there in being ready?

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#152

Post by apacheCamel »

Andrew_nenakhov wrote: post #130
OedipusRex wrote: post #18

Earlier quoted context omitted.

That's incredibly insulting.

I miss the early days of the internet when people had thicker skins and weren't so easily offended/insulted.

Ahh yes, making a joke in a meeting title to make fun of the employees that are about to be fired. A comedy classic.

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#154

Post by redisman »

x86_64Ubuntu wrote: post #144
whymauri wrote: post #65

Earlier quoted context omitted.

AFAIK, the FANG acronym was meant to represent the FAANG stocks, not the perceived quality of engineering within the industry.

I didn't know that. I thought it was because of their engineering chops.

I always thought Big 4 was because they were basically the top 4 biggest market cap companies in the US

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#155

Post by yks »

justapassenger wrote: post #109
fyp wrote: post #37

Uber/airbnb/lyft were considered in the same tier as facebook/google before corona. With google also slowing hiring, are the engineers laid off all going to be absorbed by facebook?

> Uber/airbnb/lyft were considered in the same tier as facebook/google before corona So was wework by many. Facebook/google cannot be more different from uber/airbnb/lyft. FB/G are in high margin business, operating largely in virtual space, where scaling to new markets has low marginal costs. Uber/airbnb/lyft are in historically low margin, capital intensive space, where scaling to new markets has very high marginal…

GP referred to the prestige as a workplace for SWEs and not to the viability of a business.

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#156

Post by amiga_500 »

stephencoyner wrote: post #19

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…

Why does a tech company want to get into taxis?

They might as well buy a cheese company that is in financial trouble.

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#157

Post by Loughla »

wonderwonder wrote: post #121

Layoffs are mounting, alternative work is limited, and the unemployment systems in many states are either broken or running out of funding. Add the federal governments indicated desire to let blue states go bankrupt and we are looking at a good combination to enter a depression. Its a pretty sobering time.

Real questions. I'm not a history buff.

Has there ever been a time in US history that the federal government has been so openly antagonistic and overtly willing to attack opposite-party state governments? If so, what were the outcomes? If not, is there anything even close?

Current question - what is the endgame for those who what blue states to go bankrupt? What do they get if that happens, outside of talking points? I assume they profit off of it (because that's the reason anyone does anything that I can tell), but how?

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#158

Post by Andrew_nenakhov »

herdodoodo wrote: post #142
Andrew_nenakhov wrote: post #130

Earlier quoted context omitted.

I miss the early days of the internet when people had thicker skins and weren't so easily offended/insulted.

so... back when the internet was just rich white guys that could afford computers as their hobbies and could get away with making extremely inappropriate jokes without consequence? Yeah, I "miss" it too

You know, my 'white privilege' have me SOOOO much more opportunities than my black afro-russian compatriots ever had in Russia. :-/

Jokes aside, I believe my parents income in 1993 was less than 10% of the poorest non-white guy in the US. So your 'white guy' accusation kinda lands flat.

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#159

Post by empath75 »

Loughla wrote: post #157
wonderwonder wrote: post #121

Layoffs are mounting, alternative work is limited, and the unemployment systems in many states are either broken or running out of funding. Add the federal governments indicated desire to let blue states go bankrupt and we are looking at a good combination to enter a depression. Its a pretty sobering time.

Real questions. I'm not a history buff. Has there ever been a time in US history that the federal government has been so openly antagonistic and overtly willing to attack opposite-party state governments? If so, what were the outcomes? If not, is there anything even close? Current question - what is the endgame for those who what blue states to go bankrupt? What do they get if that happens, outside of talking points?…

Yeah, the civil war.

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#160

Post by 0xDEEPFAC »

subsubzero wrote: post #111

- The tech companies having issues during covid-19 are all heavily invested in travel/transportation(Uber/Lyft/Airbnb etc). - 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 l…

Maybe we should consider a higher level? For example, with our interconnected highly computerized trading systems and with every megacorp these days heavily invested in financials (think stock buy-backs) who knows? Definitely not the FED Reserve.
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