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comments
uugh..
Its not like the C suite loves the negative PR and reputation hit that comes with layoffs, these decisions are mostly taken because it's inevitable.
And keep in mind that most of these CEOs are empire builders ( no one wants to run a smaller company). So having 25% less employees is not great for their ego either and is done to ensure they have a much bigger company in the future.
There's an indefinite hiring freeze, a paycut or furlough wouldnt just make work appear for recruiters and support staff.
I could go on and on with the list of jobs and projects cut but you get the idea. I feel our leadership including Dara have done a good job. Our severance package is very generous, everyone laid off is keeping their laptops and phones, 10 weeks pay + 2 weeks for every year + COBRA paid for.
I'm unfamiliar with Intel's severance package but I'd be curious.
How is your team doing in these times?
Lol seriously though, I really want Uber to succeed, and I believe in the vision of the company. They need to get better leaders though, I can’t believe it’s more or less the same as when Travis was CEO, minus the misogynistic culture (glad he is gone for sure)