Uber Shedding About 350 Jobs to Shore Up Business

📆 10/15/2019 8:00 AM
📰 WSJ

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The move marks a third round of layoffs for Uber, following cuts of more than 800 workers from its product, engineering and marketing divisions this year

Uber Technologies Inc. is cutting about 350 jobs, or about 1% of its workforce, in its latest round of layoffs as it faces market pressure to slash losses and assure investors it can turn a profit.

The ride-hailing company said Monday the cuts would hit its food-delivery service Uber Eats and autonomous-driving unit, among other divisions. .

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Need better, safer drivers.

Uber needs to trim its upper Management and revamp its board. Each and every business Uber has entered is not profitable. Its acquisitions have been poor and its policy to be combative with every big city is reflected in cost of litigation and lawyers.

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