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Tech & Science Uber cuts 350 employees in latest round of layoffs

07:00  15 october  2019
07:00  15 october  2019 Source:   cnet.com

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SAN FRANCISCO — Uber laid off 350 employees on Monday, in the latest indication that the ride-hailing company is trying to respond to concerns among investors that it is losing too much money. The cuts , the third round in recent months, were focused in the autonomous vehicle unit, operations

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Dara Khosrowshahi looking at the camera © CNET Uber announced it laid off another 350 employees on Monday from several teams across the company. This is the ride-hailing service's third round of layoffs over the past 10 weeks and brings the total number of people cut from its payroll to 1,185. Company CEO Dara Khosrowshahi said he intends for this to be Uber's final round of layoffs.

"Days like today are tough for us all," Khosrowshahi wrote in an email to employees, which was first published by TechCrunch. "The [executive leadership team] and I will do everything we can to make certain that we won't need or have another day like this ahead of us."

Uber Lays Off Hundreds More Workers as It Struggles to Make Money

Uber Lays Off Hundreds More Workers as It Struggles to Make Money SACRAMENTO — Uber laid off 435 workers in its product and engineering teams on Tuesday, the company’s second round of cuts in recent months as it struggles to make money. The cuts, which total about 8 percent of Uber’s global product and engineering group, follow 400 layoffs in July from the marketing team. In a message to employees about the layoffs on Tuesday that was viewed by The New York Times, Uber’s chief executive, Dara Khosrowshahi, wrote in an email to staff on Tuesday. SACRAMENTO — Uber laid off 435 workers in its product and engineering teams on Tuesday, the company’s second round of cuts in recent months as it struggles to make money.

Uber laid off roughly 350 employees in its third round of major job cuts this year, TechCrunch's Megan Rose Dickey first reported Monday. Are you an Uber employee affected by the layoffs ? Get in touch with this reporter at grapier@businessinsider.com For sensitive news tips, encrypted contact

Uber has now trimmed more than 1,000 jobs since it laid off 400 employees from its marketing Uber on Monday reportedly began its third round of layoffs in the past few months, handing out pink slips Khosrowshahi told employees that moving forward, the company will be serious about cutting waste.

During this round of layoffs, the company cut employees from the following divisions: self-driving cars, global rides and platform, performance marketing, recruiting and Uber Eats. In the previsions two rounds, Uber laid off staff from its engineering, product and marketing teams.

The layoffs come during a rough period for Uber as it attempts to gain footing as a public company. After debuting on Wall Street in May, the ride-hailing service has seen plummeting stock prices, quarterly revenue loss and an exodus of high-level executives. Three of Uber's board members have stepped down since then, along with its chief operating officer and chief marketing officer.

Khosrowshahi said that along with the layoffs on Monday, the company is also asking some staff to relocate. Those affected by this latest round of layoffs are mostly based in the US and Canada, according to TechCrunch, and represent about 1% of the company's employees. 

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Uber has cut around 350 more employees across several of its divisions. The company said it's the "last wave of a process" that saw Latest in Gear. Harley-Davidson suspends LiveWire production over a charging glitch. 8m ago. It let go around 350 staff members in the latest round of cuts .

Uber Technologies Inc. is cutting about 350 jobs, or about 1% of its workforce, in its latest round of layoffs as it faces market pressure to slash losses and assure investors it can turn a profit. The ride-hailing company said Monday the cuts would hit its food-delivery service Uber Eats and

In the previous layoffs, Khosrowshahi said certain teams were oversized, which led to "overlapping work" and "mediocre results" and that his focus going forward is "lean, exceptionally high-performing teams, with clear mandates."

On Monday, he said Uber's leaders have been examining their teams over the past few months to make sure they are "structured for success."

"This has resulted in difficult but necessary changes to ensure we have the right people in the right roles in the right locations," Khosrowshahi said, "and that we're always holding ourselves accountable to top performance."

An Uber spokesman confirmed the layoffs but declined to comment further.

Revealed: Britain’s favourite alternative to Uber .
Stats reveal Addison Lee is the most searched-for alternative taxi service to Uber, with more than twice the online traffic of rivals. The post Revealed: Britain’s favourite alternative to Uber appeared first on Motoring Research.

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