Uber layoff employe and wants to takeover grubhub
What do do guys think about it. Does any company care about employees? Only profile matters.
I do not understand why companies are suppose to “care able their employees” Employee pack up and leave all the time It is martial agreement. Employee doesn’t have to sign up for it
Yes, but is there anything more important than $??? Can we have a place where employees don't chase tc and employers care about employees. Microsoft is a good example of supporting their employees.
To be fair, even marital agreements are broken when they are inconvenient or a better opportunity comes along
Come back when Okta’s revenue drops by 80% out of no where for the foreseeable future and tell me how Okta will handle it. Otherwise just shut up.
The point is not specific to a company. It is about there being any company supporting employees genuinely.
A company doesn't work like a govt or a charity. It's a business which exists solely to make profit and keep shareholders happy. You'd understand it much better if you were to start one.
Uber cares. Grub hub is the only profitable food delivery company. If combining with Uber eats will make them more profitable, Uber can avoid laying EVERYONE off. Yes some people were laid off. This move is meant to save the rest. Where is your business sense?
I guess this is the wrong set of folks as people mostly care about $. Way less than human value.
Business comes before human value in the real world my friend. Even non profit orgs will fire people if they don’t get funding.
The company has to lean out in order to survive the economic conditions. You’ll see this across industries. Consolidations also happens when the levers and conditions are right. Expect GH to downsize too where areas overlap
Companies exist to make $$$ for its shareholders, not to care its employees. Sure not caring for employees may hurt productivity and profitability, not so much for uber execs though
When business conditions become unfavorable, only the strength of company's balance sheet matters. Everything else is irrelevant.
Yes, do you think it is a risky move to get some other unprofitable business now. If so why not weather the storm and support the employees.
The shareholders can vote to fire members of the board, who can in turn fire CEO. So the company has to act in the best interest of the business and the shareholders. Buying Grubhub right now makes sense because they have a highest market share in their vertical and their valuation is cheap. And they haven't been bought out yet. Consolidating with the Grubhub business allows the Eats business to achieve economies of scale and profitability.