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Uber plans an additional 3,000 layoffs: report
Uber Technologies Inc. , which announced 3,700 job cuts less than two weeks ago, isn't done. The struggling ride-hailing service is cutting deeper to the bone with an additional 3,000 layoffs, according to a Wall Street Journal report, citing a memo from Uber Chief Executive Dara Khosrowshahi to staff on Monday. News of the cuts sent Uber shares soaring 7% in early-afternoon trading Monday. The job reductions of 6,700 represents about 25% of the San Francisco-based company's workforce. Uber, which has seen a precipitous plunge in rides since the coronavirus pandemic, also plans to shutter 45 offices in its latest downsizing, the Journal reported. Uber shares are down 16% over the past year. The broader S&P 500 index is up 4% in the past year.
https://finance.yahoo.com/m/ffd4b0f...32372/uber-plans-an-additional.html?.tsrc=rss
Uber Technologies Inc. , which announced 3,700 job cuts less than two weeks ago, isn't done. The struggling ride-hailing service is cutting deeper to the bone with an additional 3,000 layoffs, according to a Wall Street Journal report, citing a memo from Uber Chief Executive Dara Khosrowshahi to staff on Monday. News of the cuts sent Uber shares soaring 7% in early-afternoon trading Monday. The job reductions of 6,700 represents about 25% of the San Francisco-based company's workforce. Uber, which has seen a precipitous plunge in rides since the coronavirus pandemic, also plans to shutter 45 offices in its latest downsizing, the Journal reported. Uber shares are down 16% over the past year. The broader S&P 500 index is up 4% in the past year.
https://finance.yahoo.com/m/ffd4b0f...32372/uber-plans-an-additional.html?.tsrc=rss
