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Lyft lays off 17% of workforce, furloughs hundreds more

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

#371

Earlier quoted context omitted.

I don't understand how someone can love their political party as much as Mitch McConnell does. It's party before all else. I don't get it. At all.

It's a strategy/ideology he's been rewarded for following?

But this isn't a game. It has real consequences.

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

#372
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?

I'm not sure that's the case, as they never made it into the FANG acronym. Even Twitter doesn't quite fit up there.

Maybe calling them FAANGULA would have triggered some unfortunate associations…

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

#373

Earlier quoted context omitted.

There was an interesting piece in this week's Atlantic on the motivation for having states declare bankruptcy: "Under the Constitution, bankruptcy is a power entirely reserved to the federal government. An American bankruptcy is overseen in federal court, by a federal judge, according to federal law. That’s why federal law can allow U.S. cities to go bankrupt, as many have done over the years. That’s why the financia…

His unwillingness to not solve the state's pension problems should be applauded. the amount of unfunded liabilities is in the hundreds of billions of dollars and approaching a trillion if it has not passed that already. This all happened because the number of public servants who are pulling in over 100k has skyrocketed... 100k+ in retirement.. with millions past 50k! Think about that 50k in pay plus medical. These pe…

I ran across that Forbes article yesterday as well... amazing data:

"71,000 public employees at every level of Illinois government received six-figure paychecks. Additionally, 23,000 retirees pulled down more than $100,000 in annual pensions."

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

#374
post #350
post #324

Earlier quoted context omitted.

"Single party rule in California has been an improvement." I just moved to California so I don't have too much of a personal opinion yet but that sounds like a bold claim. From what I've seen, people over the age of 30 seem split on whether or not it's an improvement. You look at mismanaged cities like SF where there's insane homeless budgets but very little action and results and wonder if the monopoly on political…

You are choosing really bad examples, because Republicans are even more extreme than the Democrats on them. Homelessness is an infinite money sink coupled with very problematic civil rights issues. It takes a unified effort at the federal level when states are willing to just ship their problems to other states. It also requires a unified effort at healthcare--both physical and mental. Nobody has come up with a good…

The homeless coming in from out of state turns out not to actually be that prevalent in practice. In LA, for instance, only 18% of currently homeless residents became homeless while living out of state [0]. So if you could magically get everyone from out of state off the streets, you'd still be left with 82% of the homeless population, i.e. there'd still be a big homeless problem.

To a first order approximation, the majority of homeless are simply residents who lose a job or can't earn enough money, can't afford their rent, and end up on the street. Making a lot more housing available so it's not so impossible to afford is clearly an important part of the solution, which we seemingly can't do as long as progressive democrats are in charge.

[0] https://www.nytimes.com/2019/11/06/us/homeless-population.ht...

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

#375

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.

There was an interesting piece in this week's Atlantic on the motivation for having states declare bankruptcy: "Under the Constitution, bankruptcy is a power entirely reserved to the federal government. An American bankruptcy is overseen in federal court, by a federal judge, according to federal law. That’s why federal law can allow U.S. cities to go bankrupt, as many have done over the years. That’s why the financia…

In their defense, PR is spectacularly mismanaged. I love the place. I love the food. I love the culture, but there is something really annoying about an island, where everyone is on island time and blackouts are just a part of daily routine.

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

#376

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.

Pushing people off of unemployment insurance, which it’s generally assumed that some states are doing, all while there is no work to go to isn’t a recipe for a depression, it’s a recipe political catastrophe. In a weaker democracy this stuff would trigger a revolution, and I’m starting to get worried about ours.

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

#378
post #347

Earlier quoted context omitted.

I would prefer that states have more power and we further decentralize authority away from the federal government. This will limit the see-saw that occurs whenever the president switches parties.

Already tried that, the first constitution, the Articles of Confederation. The founders quickly discovered the federal government was too weak. But alas, one of those founders, Jefferson, argued we should rewrite the constitution every 19 years. And another founder, Hamilton, argued that ambition must be made to counteract ambition. And that government is a reflection on human nature, most directly its citizens. http…

Jefferson’s opinions on political processes changed drastically after the French Revolution, by the by.

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

#379
post #175

Earlier quoted context omitted.

Do they fully instrument their drivers vehicles? I'd imagine a lot of sensor data is needed for self-driving cars.

No, but they have a good understanding on routes and areas with high traffic. That data is going to be worth a fortune for the first fully autonomous taxi service.

All that routing data (and much more) is also funnelled to Google via Maps/Waze and, to a lesser extent, Apple or other companies with map apps. So I don't think Lyft or Uber have a competitive advantage here, even if the routing data is useful absent full instrumentation. Plus, full self driving seems a bit like a nuclear bomb, by which I mean second place in that race might be worth nothing.

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

#380
post #182

If they are really letting go of their hard found engineering talent its a serious signal that they don't believe this to be a short term issue. Assuming the highly paid engineers around the bay took a good deal of effort, and significant cost to hire.

No doubt they're preferentially laying off the under performers.
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