KEY POINTS
  • Uber and Lyft on Thursday pledged $60 million to a California ballot initiative for the 2020 election that would maintain the status of their drivers as contract workers. 
  • The companies have been fighting a California bill that could force them to reclassify their drivers as employees.
  • Under Lyft and Uber's proposed ballot measure, California drivers would be receive more protections and benefits while maintaining their status as independent contractors.
File photo of a ride-sharing driver displaying Lyft and Uber stickers on his front windshield in downtown Los Angeles.

Uber and Lyft on Thursday pledged $60 million to a California ballot initiative for the 2020 election that would maintain the status of their drivers as contract workers.

The companies have been fighting a California bill that could force them to reclassify their drivers as employees. The bill passed through the California Assembly in May and is working its way through the state Senate.