Uber lays off 400
https://www.nytimes.com/2019/07/29/technology/uber-job-cuts.html marketing firet, technology next? feels pretty bad, state of things to come with the economy?
420*100k = 42m run rate. Not much for their size
Nah, just post IPO changes. In this case, sounds like cutting zombie projects and underperformers since they don't have any major product changes to feed Wall St
We feel bad for those who were affected, but I’m personally glad to see Uber making the hard decisions. The company grew so fast that inefficiencies and waste was a natural as a byproduct. Means lots of opportunity to improve.
lol its easy to say when you’re not the one affected
Of course. But what is good for a business is not always what is good for employees and vice versa. It’s all about balance.
Marketing and sales is 2x r&d !! Seems like a good move by upper management.
It’s ok.
420 would've been good
Shut up Elon