5:57:15 AM PDT - Wednesday, August 17th, 2022

Lyft assured no layoffs were coming. Now employees are scrambling for their next gig.  

By Editor - Wed Aug 03, 4:19 pm

The day before Lyft shut down its in-house rental service and laid off close to 60 employees, the team in charge of the program was consumed by what they thought was a much bigger problem. Throughout June, the rentals team had attempted to get the service up and running in New York without success. The launch was delayed repeatedly and for a variety of reasons, including the need to get a new insurance provider in the state. But even after the new insurance policy began July 1, Lyft had still not opened up its rental business in New York, leaving the team with questions, according to sources who spoke with TechCrunch on condition of anonymity. Leadership eventually told the team it was punting on New York altogether and would instead shift operations to opening the in-house rental program in Austin where there are fewer regulatory hurdles

Originally posted here:

Lyft assured no layoffs were coming. Now employees are scrambling for their next gig.

Leave a Reply

You must sign in to post a comment.