Lyft curbs chunk of staff due to heightened insurance costs - San Francisco Business Times

  • 📰 SFBusinessTimes
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 68%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Another huge San Francisco company is cutting 700 jobs. And it's not Twitter or Stripe.

San Francisco ride-hailing giant Lyft Inc. is reportedly planning to lighten its headcount by about 700 jobs, or 13%, as it braces for bumpy economic conditions on the horizon in terms of insurance costs.

Co-founders John Zimmer and Logan Green announced the cuts to staff Thursday, according to a memo obtained by“There are several challenges playing out across the economy. We’re facing a probable recession sometime in the next year and rideshare insurance costs are going up,” they wrote in the memo. Lyft laid off 60 people, or roughly 2% of its more than 4,000-person workforce, in July. Neither of the cutbacks affect drivers.

Shares of Lyft , which have fallen a staggering 68% this year, have nudged back up more than 8% over the past 30 days. The company will post third-quarter results on Monday.owner Elon Musk reportedly plans for make a 50% headcount reduction there by Friday, amounting to about 3,500 layoffs. Also in the city, proptech Opendoor Technologies Inc. is laying off about 18% of its workforce, shedding more than 550 employees, while fintech Chime is cutting 12%, or about 150 employees., based in South San Francisco, also said this week it will cut more than 1,000 jobs — a 14% reduction — returning headcount to the almost 7,000 total from February, according to co-founders Patrick and John Collison, who noted that Stripe's recruiting business would be the most impacted.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 78. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Global art gallery Lumas opening 'affordable' art gallery in Union Square - San Francisco Business TimesLumas plants its first West Coast flag and third U.S. gallery — and 22nd globally.
ソース: SFBusinessTimes - 🏆 78. / 68 続きを読む »

Junk King acquired by national home services company Neighborly - San Francisco Business TimesMichael Andreacchi founded Junk King from his garage in 2005. He just sold it to a national home services company.
ソース: SFBusinessTimes - 🏆 78. / 68 続きを読む »

Antitrust regulators probe Adobe's $20 billion plan to buy Figma - San Francisco Business TimesThe acquisition is the most expensive ever for a private software business and it could be drawn out if the DOJ decides to try to block it.
ソース: SFBusinessTimes - 🏆 78. / 68 続きを読む »

Ensemble Investments LLC seeks approval for Oyster Bay hotel in South San Francisco - San Francisco Business TimesSouth San Francisco's Design Review Board over the summer described the proposed project as 'beautiful,' noting that it is 'the best design of a hotel the city has seen in many years.'
ソース: SFBusinessTimes - 🏆 78. / 68 続きを読む »