Lyft just updated all interns with an e-mail; they are cutting the internship to just 8 weeks, and slashing the hourly rate (variable amount depending on function). Not sure how to handle this...
Lyft cuts internship salaries by 50%
1–10 of 110 posts
Re: Lyft cuts internship salaries by 50%
#2How to handle it is either you take the internship, or you don't.
Re: Lyft cuts internship salaries by 50%
#3Happy that you have a job still? 25/hr is still better than flipping burgers, by like a lot.
Re: Lyft cuts internship salaries by 50%
#4Levels.fyi shows Lyft internship salaries if anyone is interested to know [1].
I am sorry to hear that, -50% is a lot of money but not the end of the world. Take the job and keep looking for the next one, you will definitely find something better knowing you are smart enough to pass Lyft’s interviews. The majority of interns in the tech industry do not do much in the first couple of months after joining the company anyway, so technically speaking you will get two months of free money and maybe a signing bonus, this is a much better scenario compared to people who have been laid off, furloughed or rejected from their internship program.
Re: Lyft cuts internship salaries by 50%
#5You handle it by being happy that you still have an internship right now. There is a lot going on in the world, now is not the time to feel entitled to anything.
Re: Lyft cuts internship salaries by 50%
#6How to handle it is either you take the internship, or you don't.
I was depending on this internship to support me financially. At the current rate, it doesn't work out
Re: Lyft cuts internship salaries by 50%
#7[deleted]
Re: Lyft cuts internship salaries by 50%
#8I would guess the chance of finding any other summer work right now, let alone another technical internship, is below 50%. The way you handle this is to take the internship and be happy it didn't get cancelled entirely.
Re: Lyft cuts internship salaries by 50%
#9Levels.fyi shows Lyft internship salaries if anyone is interested to know [1]. I am sorry to hear that, -50% is a lot of money but not the end of the world. Take the job and keep looking for the next one, you will definitely find something better knowing you are smart enough to pass Lyft’s interviews. The majority of interns in the tech industry do not do much in the first couple of months after joining the company a…
We do have internship salaries (pre-Covid) at https://www.levels.fyi/internships
Re: Lyft cuts internship salaries by 50%
#10How to handle it is either you take the internship, or you don't.
I was depending on this internship to support me financially. At the current rate, it doesn't work out
If you think it’s going to be tough to support yourself on 50% of what Lyft was offering, wait until you run the numbers on a $0 income.