Lyft to lay off about 700 employees in second round of job cuts
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Re: Lyft to lay off about 700 employees in second round of job cuts
#2[deleted]
Re: Lyft to lay off about 700 employees in second round of job cuts
#3Where are we heading if every company drop 10-20% of their staff?
Re: Lyft to lay off about 700 employees in second round of job cuts
#4Where are we heading if every company drop 10-20% of their staff?
2 years ago?
Re: Lyft to lay off about 700 employees in second round of job cuts
#5Where are we heading if every company drop 10-20% of their staff?
10-20% of their staff so far
Re: Lyft to lay off about 700 employees in second round of job cuts
#6Where are we heading if every company drop 10-20% of their staff?
Slowdown in inflation due to wage component of inflation falling. What, didn't you hear that the Fed was very interested in pulling on that lever? Just yesterday Powell complained about the labour market being tight, guess businesses heard him all right.
Re: Lyft to lay off about 700 employees in second round of job cuts
#7Reminds me of COVID onset tbh.
Re: Lyft to lay off about 700 employees in second round of job cuts
#8Where are we heading if every company drop 10-20% of their staff?
Rising discount rate hits companies with higher valuation multiples first, so tech will be hit worse than other sectors. A bit different than the GFC
Lower wages in tech, higher unemployment.
Re: Lyft to lay off about 700 employees in second round of job cuts
#9Wow, another one? I just finish reading the thread on Stripe... I think we're going to need a Sacked-HN category.
Re: Lyft to lay off about 700 employees in second round of job cuts
#10Wow, another one? I just finish reading the thread on Stripe... I think we're going to need a Sacked-HN category.
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