Lyft is laying off 17 percent of its workforce and furloughing 5 percent. This is after an employment lawyer at the company accidentally invited much of the workforce to a weekend meeting called "Jetty" in what workers took to be a reference to jettisoning jobs.
Salaries are also being cut for 3 months:
30 percent cut for execs
20 percent for VPs
10 percent for everyone else
Lyft will address the layoffs internally at an 11 am meeting, they told employees this morning
"Even after stay-at-home orders are lifted, a looming recession will significantly reduce overall global spending, business travel, and major events. We did not initially have plans for layoffs, but now must be prepared for these implications." -- Lyft email to employees