On May 6, when Uber announced its first mass layoff this month, CEO Dara Khosrowshahi announced he was no longer taking his cash salary for the rest of the year.On May 18, when Uber announced its second mass layoff this month, Uber's board joined him and said they would forgo their cash retainers for the rest of the year.
"I am truly sorry. I know this will cause pain for you and your families, especially now," he wrote. "You've heard me say it before: hope is not a strategy. ... Ultimately, I realized that hoping the world would return to normal within any predictable timeframe, so we could pick up where we left off on our path to profitability, was not a viable option.
. So far, none of Uber's other top executives have taken a pay cut, a source familiar with the matter tells us.Each director except the chairman was to be paid a $50,o00 cash retainer for their service this year, paid quarterly,The chairman of the board, Ron Sugar, should one day be paid $200,000 for the job, but not until 2021. For now, he's only being paid for his committee work.
How bout give up the stocks too.
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Uber CEO hopes for no more layoffs, but makes no promises - 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. Prepping for profit. Lmao word play , SMART! garyvee Its best to cut deep, and cut just once. Staggering it out just causes morale issues which leads to a death spiral the company can't cheaply get out of.
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Meet the billionaires bankrolling Trump's 2020 campaign - 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. That’s the most pathetic hand shake I have ever seen. I’ve seen girls with better handshakes than that. Sycophant peterthiel is a dangerous animal. GOPCorruptionOverCountry
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Stock market crash: Next big drawdown coming in 2020, how to invest - 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.
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Uber to slash 3,000 more jobs, close offices, shrink investments - Business InsiderAfter Business Insider's julie188 reported over the weekend that Uber employees were bracing for another round of layoffs, Uber announced on Monday it will lay off 3,000 workers and close 45 offices 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 SAI Julie188 Better job than Expedia .... idk 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
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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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Uber is offering laid off employees a generous severance package - 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. 'healthcare until the end of 2020' - COBRA? Define “generous” Uber? The fees on gross receipts charged to uber drivers are pretty darn generous too vs. off the top fees. Is this a joke?
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