Lyft (LYFT, $33.99) cuts 17% of workforce and furloughs 288 employees
Lyft said it’s laying off 982, or 17%, of its workforce, amid covid-9 pandemic. The ride-hailing company also furloughed another 288 workers.
The workforce reductions are a part of Lyft’s aim to save on operating expenses and to adjust cash flows against the economic turbulence posed by the covid-19 pandemic, as indicated by the company.
Lyft estimates the terminations will cost $28 million to $36 million in restructuring and related charges, largely due to severance and benefits costs.
By cutting 17% of its workforce, Lyft will incur $28 million to $36 million in restructuring and related charges, primarily due to severance and benefits costs, as per the company’s estimates. The major portion of the cost will be reflected in the second quarter results, according to the company.
The company has also lowered base salaries for 12 weeks for overtime-exempt employees - 30% for executive leadership, 20% for vice presidents and 10% for all other exempt employees
LYFT sees its 50-day moving average cross bearishly below its 200-day moving average
The 50-day moving average for LYFT moved below the 200-day moving average on February 23, 2026. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 53 cases where LYFT's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on March 05, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on LYFT as a result. In of 95 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where LYFT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for LYFT entered a downward trend on March 06, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where LYFT's RSI Oscillator exited the oversold zone, of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for LYFT just turned positive on February 26, 2026. Looking at past instances where LYFT's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LYFT advanced for three days, in of 280 cases, the price rose further within the following month. The odds of a continued upward trend are .
LYFT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.611) is normal, around the industry mean (10.701). P/E Ratio (1.946) is within average values for comparable stocks, (76.437). Projected Growth (PEG Ratio) (0.148) is also within normal values, averaging (1.943). Dividend Yield (0.000) settles around the average of (0.033) among similar stocks. P/S Ratio (0.876) is also within normal values, averaging (53.451).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. LYFT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. LYFT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 96, placing this stock worse than average.
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General Information
a provider of online social rideshare community platform
Industry PackagedSoftware
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