Lyft to slow hiring, assess budget cuts

By
Follow google news

Ride-hailing firm Lyft said on Tuesday it would slow down hiring and assess budget cuts in some departments, joining rival Uber Technologies in attempting to rein in costs.

Lyft to slow hiring, assess budget cuts
Ride-hailing firm Lyft said it would slow down hiring and assess budget cuts in some departments, joining rival Uber Technologies Inc in attempting to rein in costs. Lyft said no employee layoffs are planned and added it would grant special stock options to eligible employees. "We're ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now

Add iTnews as your trusted source

Add iTnews As Your Trusted Source Add iTnews As Your Trusted Source
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
emerging techlyftuber

Sponsored Whitepapers

5 reasons to adopt a mobile first security strategy
5 reasons to adopt a mobile first security strategy
Uncomplicate IT Service Delivery with AI Agents
Uncomplicate IT Service Delivery with AI Agents
Getting ahead of the tech: what’s next for Australian organisations in digital transformation
Getting ahead of the tech: what’s next for Australian organisations in digital transformation
Fintech compliance made fast and secure
Fintech compliance made fast and secure
How to evaluate SIEM solutions Safeguarding your future Get a demo Download guide
How to evaluate SIEM solutions Safeguarding your future Get a demo Download guide

Events

Most Read Articles

RACV sets data foundations to underpin AI in customer channels

RACV sets data foundations to underpin AI in customer channels
Craveable Brands has one eye on AI, and the other on the project failure rate

Craveable Brands has one eye on AI, and the other on the project failure rate
Westpac Intelligence Layer breaks cover

Westpac Intelligence Layer breaks cover
Metcash brings AI search to its B2B marketplace

Metcash brings AI search to its B2B marketplace
techpartner.news logo
Sydney-based AI-cloud waste startup raises $3m
Sydney-based AI-cloud waste startup raises $3m
Brennan uses NiCE to modernise its contact centre
Brennan uses NiCE to modernise its contact centre
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Interactive introduces private cloud platform
Interactive introduces private cloud platform
Digital61 expands cybersecurity portfolio
Digital61 expands cybersecurity portfolio

Log In

  |  Forgot your password?