The number of startups cutting jobs continues to fall as well. Last week, Stone laid off 1,300 employees and Deliv laid off 669 employees. Lyft recently waded into deliveries for the first time in an attempt to generate a new revenue stream. See our live Layoffs Tracker for a real-time report of all startups that have done layoffs. And Lyft announced that rides booked grew 26% in May compared to April. After a coronavirus record of 99 startups conducted layoffs in the first week of April, this past week saw only 22 startups cut jobs, a decline of 78%. In fact, 4 of the 10 biggest tech layoffs since COVID-19 have occurred in just the past two weeks. The company, which went public about a year ago, said in a filing Wednesday that it plans to cut 17% of its workforce, or 982 employees. The CEO’s letter to staff strongly hints that more cuts are coming in the next two weeks. It expects revenue to fall by more than half in 2020 as global travel stays frozen. The layoffs have hurt sales and customer success roles most.

Additionally, Lyft is implementing salary reductions for many employees, including a 30% cut for executive leadership and 20% for vice presidents. "Our guiding principle for decision-making right now is to ensure we emerge from the crisis in the strongest possible position to achieve the company's mission. Part of the reason is that even though fewer startups are laying off, the average layoff has gotten bigger. Tracker: Tracks all post COVID-19 startup layoffs, Blog: Tech layoff news and lists of laid-off employees, Hoping to help those laid off get exposure to companies still hiring, Weekly newsletter of tech layoff news and lists of laid-off employees, Seen a layoff list and want to help the affected people? These delivery workers are risking their health for their paychecks, See how Texans are fighting to keep their businesses alive, Asian Americans facing historic unemployment during pandemic, 'Have to laugh to keep from crying': Business owner struggling amid pandemic, This fourth-grader doesn't have WiFi at home. Lyft is laying off 17 percent of its staff, the company announced Wednesday, after the coronavirus crisis wrought havoc on the ride-hailing business and cut substantially into its revenue. This means that in the past two days alone, we’ve seen two of three biggest tech layoffs since the coronavirus was declared a pandemic on March 11: Not surprisingly, nearly all of these mass layoffs — including Uber’s and Airbnb’s — can be attributed to shelter-in-place orders. “And if I can’t get too low, then I can’t get too up.”. Our guiding principle for decision-making right now is to ensure we emerge from the crisis in the strongest possible position to achieve the company’s mission.”, Lyft lays off 17 percent of its workforce and furloughs hundreds more, You can still get a set of AirPods for just $100, Plus, check out today’s new deal on the Ring Floodlight Cam, Amazon’s Fire tablet sale takes up to $70 off select models, Discounts across the board for Amazon’s tablet, Sign up for the

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