What's happening at Uber? Hiring freeze for Machine Learning /Data science??

Wiser / Data TybA42
Aug 8 26 Comments

My on-site interview was cancelled 3 times in last 3 months with the same reason. There is an org update (ML/Data Science/Eng) and all hiring is paused. Is this true?

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TOP 26 Comments
  • New
    hmm79

    New

    PRE
    Amazon
    hmm79more
    Uber spent about $91,980,000 every day during the second quarter of this year, leading to a $5.2 billion loss on $3.17 billion revenue.

    This might be reason.
    Aug 8 4
    • Uber ffhhgg
      You clearly don’t understand financial statements. You should leave the armchair analysis to the big boys.
      Aug 8
    • Twitter / Eng SHmO66
      Good luck Uber!
      Aug 8
    • Uber / Eng fudhbe47
      4 billion is one time IPO costs and compensation related
      Aug 9
    • Lyft xFFu83
      IPO costs and compensation related to IPO are not one time. There will continue to be costs related to IPO and every quarter, more employees will best more stock so comp related costs will continue to be higher than pre IPO. For sure things will not be 5b/quarter high but Uber will have to do more cutting to get back to pre IPO expenses.
      Aug 9
  • Airbnb butterygo
    All of those Engineer RSUs are really hurting their financials now. They’re going to do layoffs of engineers soon, this isn’t a place you want to go.
    Aug 9 7
    • Uber / Eng
      TC || 👉

      Uber Eng

      PRE
      Google
      TC || 👉more
      Even if they let go of 500 engineers who might be getting $300K worth of RSU every year (both numbers are highly inflated to make a point), Uber only saves 150 million every year. Pales in comparison with our operating losses.
      Aug 9
    • Google LyLs67
      Is engineers cost so little.. where the hell is Uber losing so much money
      Aug 9
    • Uber / Mgmt
      bananajef

      Uber Mgmt

      PRE
      Google, Facebook
      bananajefmore
      We spent $XXM in Q2 to sponsor a soccer league in France and that wasn't even the stupidest thing we did.
      Aug 9
    • Del Monte Foods / IT
      Bb1602

      Del Monte Foods IT

      PRE
      Accenture
      Bb1602more
      Apply ML to calculate the looses -
      This AV , think law suits , think executive compensation. The Silicon Valley is only place on planet where CEOs are rewarded and worshiped for losing money quarter over quarter and still people die to join them .
      It is mind boggling that most highly paid so called Ivy League professionals so fiscally irresponsible and still no changes in ELT
      Aug 9
    • New / Eng
      TechLeed

      New Eng

      PRE
      Amazon
      TechLeedmore
      Well yeah, they never had to pay for their own degree it was either a free ride or paid for them
      Aug 9
  • Oracle .·.
    Didn't Uber just have big layoffs?
    Aug 8 2
    • Wiser / Data TybA42
      OP
      That was in marketing team. I applied for eng position. And from last 3 months??
      Aug 9
    • Oracle .·.
      Thought I read something about engineering layoffs too. Might be wrong
      Aug 9
  • Microsoft
    Uma N

    Microsoft

    BIO
    d a n k m e m e s
    Uma Nmore
    Uber is bringing down its operating costs as part of an acquisition strategy with Tesla
    Aug 8 1
    • Microsoft faangg
      You think Tesla will buy Uber??
      Aug 30
  • Uber 1455fap
    The question is "is this true?"
    Yes. We're fucked.
    Aug 9 1
  • Wiser / Data TybA42
    OP
    I was just p** off bcoz they cancelled my on-site 3 times. Look like I should not follow up with them anymore.
    Aug 9 1
    • New / Eng
      TechLeed

      New Eng

      PRE
      Amazon
      TechLeedmore
      You should have taken the hint after the second cancellation
      Aug 9
  • Google fdg
    Uber might be frozen hiring because growth is down to just 14% last quarter despite losing over $1.3B.
    Aug 8 0
  • Ok this one is NOT verified -- as it was posted in the comments section.

    The fact that this was casually dropped in trying to defend Apple might hint towards a slight legitimacy? not sure.

    Links are here: https://6figr.com/layoff/all
    Aug 22 1