Uber Laid Off Hundreds Of Technical Employees From Product And Engineer Teams

Anil - Sep 13, 2019, 3:00 pm IST


Uber apparently has to go to great lengths in tightening its finance belt.

Uber apparently has to go to great lengths in tightening its finance belt while the company’s still bleeding cash. However, this led to a cut of 435 jobs in the company and most of them are technical employees from product and engineering divisions, counting up to 8% of the total number of employees working there. In addition to the plan, the ride-sharing firm said in a statement that this “decentralized way” of hiring would help the company to keep up the growth in the startup-era period. Now, the most important priority is to set the focus on “lean, exceptionally high-performing teams” ahead of others.

Ride Hailing Giant Uber Trims More Staff As It See
This is not the first time Uber cut such a large number of jobs.

Along with that, the recruitment needs to be more strategic. For example, Uber may continue recruiting new employees as it's claimed to lift a recent hiring freeze which is implemented in August. Unfortunately, the number of new positions will be as many as that of it was in the past.

Bloombergquint 2019 09 C9da000a 2d88 4227 8377 17b
A few weeks ago, 400 marketing jobs were also laid off.

A few weeks ago, 400 jobs in the marketing team were also laid off. As per Uber, several conversations related to the layoffs have been on the go for a long time, but the latest quarterly results don’t speak to these, but the firm’s financial performance is doubt with weighing on every decision. Now Uber has become a public company, so the call for turning to be profitable is more urgent than ever.

 

Social
Customers will have to pay the difference if the labor cost increases.

Though layoffs themselves don’t make any huge dent, the company will more effectively streamline costs and work while labor costs will likely go up due to a new law from authorities in California, which reclassify drivers as contract employees. If the law called AB5 is passed, the increase in paying for labor costs could exceed 30 percent for Uber, as estimated by experts. Agree to disagree with these, customers are responsible to pay the difference, as always.

Next Story

Read More

Minecraft Is Now Home To 112 Million Monthly Active Users

Features- Sep 19, 2019, 8:00 am IST

Minecraft Is Now Home To 112 Million Monthly Active Users

The spectacular performance has established Minecraft’s dominant position over other similar game titles such as Fortnite or Roblox.

Keep Yourself Away From Prying Eyes Of Google Maps With New Incognito Mode

ICT News- Sep 20, 2019, 3:00 pm IST

Keep Yourself Away From Prying Eyes Of Google Maps With New Incognito Mode

Until now, we may have to wait for quite a while to experience Google Maps' Incognito Mode.

Scientists Came Up With A Feasible Plan For An Elevator Connecting The Moon And The Earth

Features- Sep 19, 2019, 1:30 pm IST

Scientists Came Up With A Feasible Plan For An Elevator Connecting The Moon And The Earth

In their paper in August, Zephyr Penoyre and Emily Sandson, two astrophysicists details a 322,000 kilometer-long elevator connecting the two planets

Google Fi’s New Unlimited Plan: Now Available In India

ICT News- Sep 19, 2019, 2:08 pm IST

Google Fi’s New Unlimited Plan: Now Available In India

In addition to the standard service, Google Fi has presented a new plan including unlimited data, texts, and calls for a fixed amount of money every month.

Google Allows Users To Search For Specific Moments In Videos

ICT News- Sep 18, 2019, 3:00 pm IST

Google Allows Users To Search For Specific Moments In Videos

It is no secret that over the last few years, Google has been looking for a way to upgrade its search function to make it work on more than just text result

iPhone 11 India Available For Pre-Orders From September 20, Flipkart Listing Reveals

Mobile- Sep 18, 2019, 1:00 pm IST

iPhone 11 India Available For Pre-Orders From September 20, Flipkart Listing Reveals

The new iPhone 11 smartphone series is set to be available for pre-order in India from 20th September onwards, according to a Flipkart listing.