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Uber/Lyft

Lyft to Lay Off 17% of Staff

Ride hailing firm Lyft said Wednesday it plans to lay off 17% of its 5,700 employees, or nearly 1,000 people. The San Francisco based company, hit hard by Covid-19 related shutdowns, also will furlough 288 employees. For the next three months, Lyft will reduce executive pay by 20% to 30% and 10% for remaining staff. The related restructuring costs will be between $28 million and $36 million....

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The Takeaway Media/Telecom
What I Hope Substack Changes About Journalism

This week there was a lot of buzz around journalists ditching their newsroom jobs to publish their own newsletters. The trend was chronicled in a New York Times piece, pegged to the news that The Verge’s Casey Newton was breaking out on his own. 

I had to laugh when Ben Thompson, the creator of the subscription Stratechery newsletter, tweeted: “The NYT trend piece on ...

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