There's always risk that the stock price will drop due to a large scale economic event. Lyft and Uber were hit particularly hard this time due to their markets

There's always risk that the stock price will drop due to a large scale economic event. Lyft and Uber were hit particularly hard this time due to their markets however in past recessions large tech companies weren't immune except long term. As for layoffs, it's still only a small percentage of Lyft and Uber engineers. So not that risky all things considered and they did pay better than FAANG to make up for that.