Uber to slash 3,000 more jobs, close offices, shrink investments - Business Insider

The move, first reported by the Wall Street Journal, confirms Business Insider's reporting from the weekend that more cuts were on the way. Visit Business Insider's homepage for more storiesUber confirmed Monday that it will cut 3,000 more jobs, while closing dozens of offices and scaling back money-losing bets in order to slow steep revenue losses incurred due to the coronavirus pandemic.. Coupled with earlier cuts in May, the total of laid off employees now stands at 6,700.

"As a leadership team, we had to take the time to make the right decisions, to ensure that we are treating our people well, and to make certain that we could walk you through our decision making in the sort of detailed and transparent manner you deserve," the email read.

"That's led us to some painful decisions today: we are stopping some of our non-core investments and reducing the size of our workforce by around 3,000 people, each of whom I want to personally thank for their contributions to Uber. As I said to our teams today, we are making these hard choices now so that we can move forward and begin to build again with confidence."

Uber's stock price was up more than 8% over Friday's close following the weekend report and subsequent confirmation as investors cheered the further cost reductions. As part of a larger restructuring effort, Uber said it's exploring "strateic alternative" to its planned gig-work platform known as Uber Works. Uber Eats will henceforth known as "delivery," headed by the same executive, and Uber Transit will fold into a "mobility" division. Axel Springer, Insider Inc.'s parent company, is an investor in Uber.

Julie188 McKinsey claims that the measures taken to stem the spread of the novel coronavirus have catapulted us “five years forward in consumer and business digital adoption in a matter of around eight weeks.” Popular Resistance Org. Zoom: welcome back class divide; goodbye offices

SAI Julie188 Better job than Expedia .... idk

Julie188 They were just leaching of the drivers anyway who did all the work, while these spoiled people sat int heir offices playing football or whatever these kids do

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Uber expected to cut thousands more jobs in another round of layoffs beginning Monday - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. After cuts he will give himself a big raise I will not miss Uber, Lyft, AirBnB or any of the other leach app companies that add nothing and take no responsibility for their services or employees. They are just Specialised Craig’s Lists that do nothing of value. GLSchwartzberg Nothing personal, just doing business.
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Citigroup org chart for investment banking and BCMA - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Citigroup's power comes from having been bailed out by the power of the American taxpayer. But go on, sing the praises of the Empire of Nothing.
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Grubhub, Uber Eats, Postmates: third-party food delivery is broken - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I no longer use these delivery services and have started to order directly from the restaurants. I respectfully disagree. It’s unchartered territory, but it’s the future of fast food. Eventually, the restaurants and third-party apps will find the right balance. Third-party apps must work with small businesses though. Otherwise, you will see major consolidation in the space.
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Grubhub, Uber Eats, Postmates: third-party food delivery is broken - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Obviously !!! 🤫🤣🤣🤣 Think you’re missing something here.... The same applies to Uber and Lyft's ride-hailing firms. It's a broken model. Should be shut down like HBR said years ago:
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