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Uber, Lyft to pay $328 million to settle wage-theft allegations in New York state - TL;DR CNBC

Uber, Lyft to pay $328 million to settle wage-theft allegations in New York state

Publishing timestamp: 2023-11-02 09:09:25


Summary

Uber and Lyft have agreed to pay a total of $328 million to settle allegations that they unlawfully withheld wages from drivers and failed to provide mandatory paid sick leave in New York state. The settlement is the largest wage-theft settlement won by the attorney general's office. The money will go to affected drivers, and the companies have also agreed to ongoing changes in how they pay drivers and offer benefits.


Sentiment: NEGATIVE

Tickers: UBER,  LYFT, 

Keywords: politics,  technology,  business news,  lyft inc,  breaking news: technology,  social media,  uber technologies inc,  new york city,  personnel,  products and services,  labor economy,  new york,  breaking news: politics,  letitia james,  mobile, 

Source: https://www.cnbc.com/2023/11/02/uber-lyft-pay-328-million-to-settle-new-york-wage-theft-allegations.html


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