News Formal

Uber Shedding About 350 Jobs to Shore Up Business

  • 📰 WSJ
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

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. .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber, Lyft sue NYC over new congestion-fighting empty car rules - Business InsiderThe new rules were designed to ease congestion and reduce the number of empty ride-hailing cars circling city streets. What is next? Are we going to sue people for going on drives with no destination. What is people just want to get out the house and drive a little. New York City is a cesspool of restrictions and regulations.
Source: BusinessInsider - 🏆 729. / 51 Read more »