CNBC: Uber CEO tells staff company will cut down on costs, treat hiring as a 'privilege'. https://www.cnbc.com/2022/05/09/uber-to-cut-down-on-costs-treat-hiring-as-a-privilege-ceo-email.html #uber
Uber’s been dead in the water for years. Rides cost 10x what they did years ago and they still aren’t profitable.
10x? Hardly
Adjusted EBITDA positive or EBITDA positive ? Remember to take stock-based compensation off.
Any layoffs?
Darn
Unit economics = more jobs in India
I think that’s a euphemism for hiring freeze in which you may only hire with VP or some high level approval.
Uber launching Uber Tuktuk soon.
There’s no recession
Cries in nasdaq