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Lyft to open major Toronto tech hub as company expands beyond U.S.

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Lyft announced plans to open a new technology hub in downtown Toronto in the second half of 2026, marking the company’s second-largest tech center after San Francisco. The move signals a major step in Lyft’s effort to expand its international presence and reduce dependence on the U.S. market.

The new office, located in Toronto’s financial district, will host several hundred employees across engineering, product, operations, and marketing roles. It aims to tap into the city’s rich pool of tech talent and innovation, according to the company.

Rides in Canada rose more than 20% in the first half of 2025 compared to the same period last year, highlighting the country’s growing importance in Lyft’s global strategy. The company first entered the Canadian market in 2017 and also operates bikeshare programs in Ontario and Quebec, including Bikeshare Toronto.

Lyft’s expansion follows its $200 million acquisition of European mobility platform FreeNow from BMW and Mercedes-Benz earlier this year, giving it a significant foothold in Europe. The company also opened a global tech hub in Barcelona this summer under FreeNow, which employs several hundred workers.

Additionally, Lyft recently acquired TBR Global Chauffeuring, a luxury transport company operating in 120 countries, for £83 million ($111 million), marking its entry into the high-end mobility market.

Infosys CTO Discusses Evolution of Talent Management at Davos

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At the World Economic Forum in Davos, Switzerland, Infosys’ Chief Technology Officer, Rafee Tarafdar, discussed the evolving landscape of talent management within the Indian IT sector, highlighting shifts in traditional models and the impact of emerging technologies such as generative AI.

Key Points:

  • Shift in Talent Management: Traditionally, the IT industry has operated under a “pyramid” model, where the majority of employees are at the entry level, with fewer in more senior roles. Infosys, a major player in India’s IT sector, is exploring how this model will evolve in response to industry changes, particularly as the demand for specialized skills grows.
  • Generative AI’s Impact: The widespread use of generative AI is expected to affect job structures in the tech industry, with roles like “responsible AI” emerging to address the ethical concerns surrounding AI. Infosys is adapting by creating new roles and ensuring its employees are upskilled to meet the demands of the evolving job market.
  • Internal Experiments: Infosys is experimenting internally to understand the best approaches to talent management and skill development, focusing on creating specialists in new areas while reskilling the existing workforce. This includes new roles in AI and model engineering, both of which are expected to grow in importance.
  • Upskilling and New Hires: To stay ahead of the curve, Infosys is fostering continuous learning among its employees, with a focus on both upskilling current staff and hiring new talent for emerging roles in AI and technology.
  • Future Talent Needs: Looking ahead, Tarafdar highlighted the increasing demand for expertise in responsible AI and model engineering, signaling a shift towards more advanced and specialized roles within the tech industry.