Uber axes 350 jobs across its Eats, self-driving and other divisions
Category: #headlines  By Pranali Mehta  Date: 2019-10-15
  • share
  • Twitter
  • Facebook
  • LinkedIn
Uber axes 350 jobs across its Eats, self-driving and other divisions

Various global firms periodically restructure their organization in an effort to prepare the company for success in its coming future and laying off employees that are deemed non-essential is one of the most prominent exercises companies use to refine operations. 

One instance of this was observed recently with Uber Technologies, the renowned American ride sharing firm offering ride-hailing as well as in the food delivery options, reportedly announcing that it has terminated almost 350 employees from various operational teams within the enterprise.

The employees that are being laid off fall under multiple divisions, including self-driving, Eats, Advanced Technologies Group, performance marketing, recruiting as well as a number of other teams within the platform units and global rides. The company has also asked some of its employees to relocate as a part of this restructuring exercise.

Uber stated this would be the final phase of the 3-phased layoffs process that the company had started earlier this year.

Reports cite, the total terminations account to be 1.5 percent of the total workforce of the company.

Dara Khosrowshahi, CEO of Uber stated that such days are difficult for everyone, and the executive leadership team including Dara would do everything necessary to make sure that the company does not face another day like this in its future.

Khosrowshahi added that everyone has to play a part by establishing a novel point of normalcy in how they work: identifying as well as eliminating duplicate work, ensuring high performance standards, providing direct feedback and further taking action when expectations are not being met, and removing the bureaucracy that tends to creep in as enterprises grow bigger.

Uber had recently terminated 435 employees from its engineering and product teams back in September. The company had also laid off 400 employees earlier in August from its marketing team.

Over 70% of the people affected in this termination round of the company are based in Canada and the U.S., while rest of them are evenly distributed throughout Latin America, APAC and EMEA.

In the second quarter of 2019, Uber lost over $5 billion which is its biggest quarterly loss in terms of revenue to date, though a heap of the losses were an outcome of the stock-based compensation expenses for its employees following IPO of the company in May.

Source credit: https://www.cnbc.com/2019/10/14/uber-lays-off-about-350-employees-in-self-driving-eats-and-other-divisions.html

 

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Pranali Mehta

Pranali Mehta    

Pranali Mehta boasts of over three years of experience as a content writer. Having completed her graduation in chemical engineering, she worked as safety & environment associate in a chemical company for a year. Harnessing her passion for writing however, Pranali deci...

Read More >>

More News By Pranali Mehta

Octopus Renewables acquires 16.8MW capacity onshore wind farms in UK
Octopus Renewables acquires 16.8MW capacity onshore wind farms in UK
By Pranali Mehta

Renewable energy sources have the potential to become a feasible solution to the long-standing environmental as well as energy challenges faced by numerous nations. Having understood their significant benefits over conventional power sources, energy ...

Fujitsu invents world’s first AI tech to capture essential features
Fujitsu invents world’s first AI tech to capture essential features
By Pranali Mehta

Fujitsu Laboratories has reportedly announced that it has developed the world’s first AI technology intended to accurately capture essential features such as the probability and distribution of high-dimensional data. The technology focuses on o...

Unacademy officially purchases India-based PrepLadder for USD 50 mn
Unacademy officially purchases India-based PrepLadder for USD 50 mn
By Pranali Mehta

Unacademy, the online learning platform based out of India, has claimed that it has acquired PrepLadder for a valuation of USD 50 million. The transaction was an all cash and stock deal, and has seemingly been undertaken by the Facebook-backed edtech...