Lyft

Ride-hailing platform Lyft has announced to freeze all hirings amid the economic instability and recession fears

With recession fears mounting-and inflation, the war in Ukraine and the lingering pandemic taking a toll-many tech companies are rethinking their staffing needs

Toyota is acquiring the autonomous car division of ride-hailing platform and Uber rival Lyft for $550 million, as the self-driving car industry begins to grow

The new safeguard, dubbed the "sharing safety program," will be overseen by HireRight, a specialist in background checks

Uber and Lyft oppose the disclosures, arguing they would violate victims' rights to privacy.

Companies like Uber and Lyft got a major relief in California after a ballot measure went in their favour exempting them from a state law to treat drivers as employees

Uber, Lyft and other ride-hailing apps spent $200 million in a winning bet to circumvent California lawmakers and the courts to preserve their business model by keeping drivers from becoming employees

The ballot proposal by Uber and its allies had sought that app-based food delivery and ride-hail drivers' status should remain 'independent contractors', not be changed to employees

The court affirmed an injunction that was issued on August 10, requiring the two companies to classify their drivers as employees rather than freelancers

The suit, made public on Tuesday, makes Massachusetts the second state after California to challenge how Uber and Lyft classify drivers and could deal another blow to their business model.

Here is the list of major companies that have said they are downsizing their workforce

Lyft, Uber and Airbnb depend on travel, vacations and gatherings. That's a problem when much of the world is staying home

Uber and Lyft, both based in San Francisco, are ride hailing's odd couple

The company is trying to stop growing where it doesn't make sense

San Francisco-based Uber is seeking to assure investors it can evolve from a ride-hailing service to a global all-in-one transportation platform.

Billionaire Silicon Valley investors, sneaker-clad founders and button-down bankers all expected enormous stock sales to turn companies like Uber, Lyft into a new generation of corporate giants

More than half of adults over 65 own smartphones, the Pew Research Center has reported. Yet among adults 50 and older, only about a quarter used ride-hailing services in 2018

The standard claim is that the company's officers and underwriters overhyped its prospects, leading to investor losses

Lyft sold 32.5 million shares for $72 apiece after initially marketing 30.8 million shares at $62 to $68 each

The San Francisco-based company's offering will be the biggest from a tech upstart since Snap Inc