Lyft’s virtual internship gets further slimmed down: less pay, shorter program
Lyft has slimmed down its internship program from 12 weeks to eight weeks, cut some intern salaries by half and rescinded its housing stipend, TechCrunch has learned. The company confirmed that it has shortened the internship and that it only cut some intern salaries. It did not define which roles and departments were specifically effected.
The internship change comes after Lyft cut nearly 1,000 employees due to the COVID-19 pandemic last week. Uber, which reportedly is doing layoffs as well, declined to comment when asked if new graduate offers have been rescinded.
Tech’s coveted, and oftentimes glamorous, internships have been largely impacted by the coronavirus pandemic, with companies across the country canceling their programs altogether. Big companies have a unique privilege in this situation, as they can often afford to virtualize the program to some degree. In March, Lyft, like other big tech companies such as Twitter and Google, told TechCrunch that they would move their internship programs to be completely remote. Now we’re seeing an even more conservative approach as Lyft faces greater struggles. Now it’s not a question of if there will be snacks, but more along the lines of if there will be job offers.
Internships are important because they pipeline in new, diverse talent. Cancellations challenge the makeup of the future workforces of our companies, and are yet another blow to a graduating class entering a harsh job market.
Lyft has slimmed down its internship program from 12 weeks to eight weeks, cut some intern salaries by half and rescinded its housing stipend, TechCrunch has learned. The company confirmed that it has shortened the internship and that it only cut some intern salaries. It did not define which roles…
Recent Posts
- Antivirus updates hijacked to drop dangerous malware
- Qualcomm strong-arms its way into Windows laptops this summer
- Bad news, Windows 11 users: ads are coming to the Start menu, but there’s something you can do about it
- Lamborghini’s popular Urus SUV grows a plug — and goes hybrid
- The Morning After: Senate passes the bill that could ban TikTok
Archives
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- December 2011