As Lyft Preps Its IPO, Some San Francisco Drivers Protest Wage Cuts and Inability ‘to Earn a Decent Living’

Disgruntled drivers showed up at the Omni hotel in San Francisco hoping to make their feelings known to the executives, bankers and potential investors at Lyft’s IPO roadshow meeting.

No one was there.

Lyft’s scheduled Monday meeting was held at the Olympic Club instead. It had originally been planned for the Omni, according to a term sheet reviewed by Bloomberg when the roadshow was announced.

Dozens of drivers and their supporters nevertheless protested in the rain, decrying the cuts foisted upon them by Lyft while, they believed, the executives and bankers were hosting lunch for would-be investors inside.

“I’m here to let them know how they really treat their drivers and how unfair the wage cuts have been and how hard it is for us to earn a decent living, living in the most expensive city in the U.S.,” said Rebecca Stack, a Lyft driver for a year and a half.

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