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Uber Shedding About 350 Jobs to Shore Up Business

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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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Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

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.
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