Uber, Lyft drivers are employees, says California regulator
Uber, Lyft drivers are employees, says California regulator
Shares of both the companies fell more than 7% in early trading as the new order strikes at the heart of the "gig economy" business model of technology platforms like Uber, Postmates, Lyft, DoorDash and others. The new law, which took effect on Jan. 1, makes it tougher for companies to classify workers as contractors rather than employees, a classification that exempts them from paying for overtime, healthcare and workers' compensation. The California Public Utilities Commission (CPUC) said dr
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Shares of both the companies fell more than 7% in early trading as the new order strikes at the heart of the "gig economy" business model of technology platforms like Uber, Postmates, Lyft, DoorDash and others. The new law, which took effect on Jan. 1, makes it tougher for companies to classify workers as contractors rather than employees, a classification that exempts them from paying for overtime, healthcare and workers' compensation. The California Public Utilities Commission (CPUC) said dr
Continue reading Uber, Lyft drivers are employees, says California regulator
Uber, Lyft drivers are employees, says California regulator originally appeared on Autoblog on Thu, 11 Jun 2020 09:57:00 EDT. Please see our terms for use of feeds.
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