California Attorney General Xavier Becerra, along with municipal attorneys from three cities in the state, is suing Lyft and Uber for allegedly misclassifying drivers as independent contractors. The attorney general and city attorneys claim the move deprives drivers of workplace protections, and the group is pursuing restitution, civil...
Dubai-based Careem, a subsidiary of Uber which performs similar ride-hailing business, announced it would be laying off 31 percent of its workforce due to the coronavirus, or 536 jobs total. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Drivers for Uber will soon be required to wear masks in several countries, including the U.S., the company said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Lyft, the San Francisco-based ridesharing company, has laid off 17 percent of its workforce and imposed salary reductions for executives for three months, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The ongoing coronavirus pandemic has caused Uber to withdraw its 2020 guidance as it anticipates a $1.9-$2.2 billion impairment charge and $17-22 million in first-quarter losses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The chief executive officer for Singapore’s ride-hailing unicorn Grab said business is off, but the platform’s diversified services and liquidity will help drive it through the pandemic storm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
A new service from Lyft will allow for on-demand delivery of groceries and other essential products, the ridesharing company said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
With ridesharing demand diminished by the COVID-19 pandemic, Uber Technologies Inc. is providing its drivers with job listings to fill the void, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Business models show their resilience when they are stress tested — and limitations are spotlighted, too. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
