How 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
What are your fixed expenses that you can't live on 4800$ as a intern?
Lyft cuts internship salaries by 50%
91–100 of 110 posts
Re: Lyft cuts internship salaries by 50%
#92Earlier quoted context omitted.
The gal of some people. How many places do you think are even running internships right now let alone paying interns over 30/hr.
Its about more than the raw numbers too. If you make 9600 a month as an intern and you get offered a job you are certainly going to be offered more than you made as an intern. However, if you make 4800 as an intern there probably isn't a large company in the world that wouldn't use that as leverage to offer you full time employment at a salary far below 9600.
Yo are you completely blind to what's happening? Like it's as close to "the sky is falling" as you can get in reality and you're out here complaining that you're inconvenienced. Unemployment is at 20%. The high during the great depression was 25%. GDP is projected to contract 37% percent this coming quarter. People are being evicted en masse. If you have any job let alone one that pays above median you should count yourself unbelievably lucky.
https://www.bloomberg.com/news/articles/2020-04-29/u-s-econo...
https://www.cnn.com/2020/04/30/economy/unemployment-benefits...
https://whyy.org/articles/philly-council-wants-to-stop-an-av...
Re: Lyft cuts internship salaries by 50%
#93Earlier quoted context omitted.
People need internship experience to get fulltime jobs. Cancelling internships is a terrible move for the future workforce.
How true is this outside SoCal? Must one work for peanuts, or free, before being seriously considered for entry-level work?
I’m not saying the internships need to be for free, but personally I think it’s reasonable to expect college students to have spent some time interning, paid, in the field they would like a full time job in during the summer
Re: Lyft cuts internship salaries by 50%
#94Earlier quoted context omitted.
That said, I'm sympathetic to your situation and wish we as a company could have done more for you. We're all going through a tough time right now.
Thanks for the sympathy, I don't blame Lyft. They always seem to try and do right by the employees (at least compared to their major competitor). But the financial hit is hard. And if they are squeezing the intern program like this, it really worries me about the future of the company (esp. full time and new grad roles).
The future for the company looked worrisome even before this. Like another commenter said internships are "terrible productivity/$". Companies look at it as an investment to be able to hire later on. If there's low chance of hiring later on then having interns doesn't make much sense anymore.
Re: Lyft cuts internship salaries by 50%
#95Earlier quoted context omitted.
The internships are remote now, it sounds like.
Oh that's even more painful. Damn, that's unfortunate for the kids going in now.
This seems more like Lyft trying to actually do the right thing. Training junior engineers remotely is incredibly difficult not to mention interns.
From a purely business point of view, the economical thing would have been to just cancel the internships. These interns will probably learn very little and they will be a burden to people who have to manage them since the employees workload will increase with the layoffs that have just occurred and all the uncertainty.
I think Lyft should be commended for this move. Yes it sucks to the interns but things are not normal now.
Re: Lyft cuts internship salaries by 50%
#96Lyft engineer here. I agree that this is an unfortunate turn of events — and I would be sad to be in your position. To add a bit more context: • we just parted ways with 23% of our staff (layoff + furlough) this week. • remaining team members are taking a 3 month 10% cut in base salary. • unlike many companies, we're still conducting our internship program — so it's good that you at least have the option to continue…
If you're talking about software jobs, 9600 for an internship is way above average and now that its 4800 its below average so that's not a good chunk of change.
I don't want to defend a gig economy company, but you're failing to account for the fact that the "average" changed dramatically over the last two months - as the post you're replying to noted:
> unlike many others whose internships were canceled
4800 is indeed a good chunk of change compared to 0
Re: Lyft cuts internship salaries by 50%
#97Earlier quoted context omitted.
After taxes, rent, bills and food that's 3000. And 4800 turns into 500. That's like a coffee budget.
some places give additional housing stipend or corporate housing. And a lot of these companies have free food. let's not pretend it is merely a coffee budget. many people survive in Bay Area on less. Also, internship is probably gonna be remote.
Companies that cut half of the pay are unlikely to offer corporate housing or free food.
Even remote interns need to live somewhere and rent isn't cheap. On the other hand, interns might be ok with sharing a 2bd apt with 3 roommates and paying only 600 for rent and bills. That would leave them almost 2000 a month. Not bad for a 20 yo seeking independence, but humiliating for a 25 yo and a complete failure for a 30 yo.
If Lyft is open to hiring interns from abroad (unlikely) and pay them the same 4800 (very unlikely), then just 500 would get them a very decent 2bd apt. In countries like India, they would be borderline rich with this kind of money.
Re: Lyft cuts internship salaries by 50%
#98Earlier quoted context omitted.
For comparisons sake also: Internships in germany had been around 700Eur per month 10 years ago. Maybe it's 800 now. I think even half of an internship salary at one of the US companies is far above that - if not even still above the salaries of full-time employees in other countries. So it doesn't sound that terrible.
In Germany you get at least minimum pay (~1500 Euro). For tech roles, you can get more (2,5k - 4k). Which is not that of a bad deal considering that all other costs are lower.
That would be very new. Maybe for research positions (postdoc). But for internships minimal wage does not apply.
Re: Lyft cuts internship salaries by 50%
#99Earlier quoted context omitted.
Its about more than the raw numbers too. If you make 9600 a month as an intern and you get offered a job you are certainly going to be offered more than you made as an intern. However, if you make 4800 as an intern there probably isn't a large company in the world that wouldn't use that as leverage to offer you full time employment at a salary far below 9600.
Yo are you completely blind to what's happening? Like it's as close to "the sky is falling" as you can get in reality and you're out here complaining that you're inconvenienced. Unemployment is at 20%. The high during the great depression was 25%. GDP is projected to contract 37% percent this coming quarter. People are being evicted en masse. If you have any job let alone one that pays above median you should count y…
I'm not an intern. I'm also well aware of what's happening.
Re: Lyft cuts internship salaries by 50%
#100Lyft engineer here. I agree that this is an unfortunate turn of events — and I would be sad to be in your position. To add a bit more context: • we just parted ways with 23% of our staff (layoff + furlough) this week. • remaining team members are taking a 3 month 10% cut in base salary. • unlike many companies, we're still conducting our internship program — so it's good that you at least have the option to continue…
Wow amazing, $9600 per month is even more than I am getting a senior developer. My internship stipend when I was studying was $600 per month and that was when I was studying abroad (NZ). Personally, nothing to complain about, you get practical experience and getting paid amazingly well.
I live in Spain and have never heard of any salaried employee that makes $9600 per month. Not even those with 10+ years of experience.