Lyft is laying off 982 employees, furloughing a further 288 due to COVID-19 pandemic

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Lyft is laying off 982 employees, furloughing a further 288 due to COVID-19 pandemic

Less than 24 hours after it was reported that Uber was considering layoffs of 20% of staff, its big rival Lyft is announcing its own cuts. Today the company said it would be reducing employee count by 17%, working out to 982 employees, and furloughing an …
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Relentless Demand For Dollars In China: BI's Sassower (Radio)

Damian Sassower, Chief Emerging Markets Credit Strategist for Bloomberg Intelligence, on emerging markets. Hosted by Lisa Abramowicz and Paul
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AMD has only one question still lingering about COVID-19 effects

Demand for personal computers in the second half of the year is only concern as AMD continues to push forward in data center and look toward new videogame consoles. The COVID-19 pandemic is “positive for the data-center market,” Advanced Micro …
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Ford, General Motors recalling employees as Michigan automakers prep for reopening

DETROIT – Two of Detroit’s big three automakers indicated over the weekend they would begin recalling some factory workers back to their respective plants as Michigan businesses seek to start reopening amid the COVID-19 outbreak. Ford said it was …
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Workers preparing to restart production at Ford, GM plants

DETROIT (WXYZ) — Some United Auto Workers are returning to work Monday in preparation to restart production at some Ford and GM plants. Work has been idled since mid-March due to COVID-19 concerns. Those returning to work this week will adhere to …
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