Uber hasn’t had an easy time as a public company. The novel coronavirus, which has brought much of the ride-hailing company’s business to a halt, hasn’t helped. On Thursday, Uber’s first-quarter earnings highlighted the financial troubles the company has experienced, showing significant losses. Uber said its revenue rose 14% from a year earlier to $3.54 …
Read More »Dara Kerr
Lyft joins Uber in requiring drivers and riders to wear face masks
For the most up-to-date news and information about the coronavirus pandemic, visit the WHO and CDC websites. Lyft said it’s ramping up its efforts to keep drivers and passengers from spreading the novel coronavirus. The ride-hailing company said Thursday it’ll now require people using its service to wear face masks or other face coverings while on rides. The move comes …
Read More »Uber lays off 3,700 employees amid coronavirus pandemic
For the most up-to-date news and information about the coronavirus pandemic, visit the WHO and CDC websites. Uber is laying off 3,700 full-time employees, about 14% of its workforce, the ride-hailing company said Wednesday in a filing with the US Securities and Exchange Commission. The cuts are coming from Uber’s customer support and recruiting teams, the company said. The layoffs …
Read More »Lyft’s first
The past few months have been shaky for Lyft. The ride-hailing giant’s business has been curbed by the coronavirus, and the company has responded with layoffs. On Wednesday, however, Lyft’s first-quarter earnings didn’t fully reflect those problems. Lyft reported its revenue rose 23% since the same time last year to $995.7 million, beating analysts’ expectations of $897 million. But the company …
Read More »California sues Uber and Lyft, alleging drivers are misclassified
The state of California is suing Uber and Lyft. Attorney General Xavier Becerra filed a lawsuit against the two ride-hailing companies on Tuesday alleging they’ve “exploited hundreds of thousands of California workers” by classifying their drivers as independent contractors rather than employees. “It’s those vulnerable drivers who are the losers in this whole process,” Becerra said during a press call …
Read More »As more Uber drivers get COVID
For the most up-to-date news and information about the coronavirus pandemic, visit the WHO and CDC websites. Uber is aiming to make it easier for its drivers to figure out if they’ve been infected with COVID-19. The ride-hailing company said Thursday that it’s partnering with telemedicine service Ro to give free assessments to all US-based Uber drivers and delivery people. …
Read More »Lyft tightens its belt, laying off 17% of its workforce
Lyft is significantly cutting back its staff. The ride-hailing company revealed in a regulatory filing Wednesday that it’s terminating about 982 employees, which is 17% of its workforce. Lyft said the layoffs are part of its efforts to reduce operating expenses and adjust cash flows because of “ongoing economic challenges resulting from the COVID-19 pandemic and its impact on the …
Read More »Postmates strike: Give us COVID
For the most up-to-date news and information about the coronavirus pandemic, visit the WHO and CDC websites. Postmates is the latest gig economy company to become the subject of worker protests. Some delivery workers for Postmates said Tuesday that they’ll hold a three-day strike to call attention to what they say is a lack of adequate safety protections during the …
Read More »Uber promised drivers masks weeks ago. Most say they’re still waiting
For the most up-to-date news and information about the coronavirus pandemic, visit the WHO and CDC websites. Uber said it was shipping tens of millions of face masks to drivers two weeks ago. The ride-hailing giant said it would prioritize full-time drivers working in the cities hit hardest by the novel coronavirus, like New York and Los Angeles. Then it’d …
Read More »Instacart now has its shoppers take an in
For the most up-to-date news and information about the coronavirus pandemic, visit the WHO and CDC websites. Instacart said Thursday that it’s aiming to give more assistance to its workers during the novel coronavirus pandemic. The grocery delivery company rolled out several new initiatives, including “wellness checks” for its shoppers and an easier way for workers to request health and …
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