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Uber lays off 435 people

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Re: Uber lays off 435 people

#2
Related, but Uber is said to be hiring 2,00 for it's new Chicago office next year [1]. A mix of engineering and operations. My understanding this would be under their freight team, which according to this Techcrunch article, was unaffected by this layoff.

[1]: https://www.chicagotribune.com/business/ct-biz-uber-hiring-o...

Re: Uber lays off 435 people

#5
post #2

Related, but Uber is said to be hiring 2,00 for it's new Chicago office next year [1]. A mix of engineering and operations. My understanding this would be under their freight team, which according to this Techcrunch article, was unaffected by this layoff. [1]: https://www.chicagotribune.com/business/ct-biz-uber-hiring-o...

Unless there was a performance issue then why not allow these employees to transfer if they want to?

Re: Uber lays off 435 people

#6
post #2

Related, but Uber is said to be hiring 2,00 for it's new Chicago office next year [1]. A mix of engineering and operations. My understanding this would be under their freight team, which according to this Techcrunch article, was unaffected by this layoff. [1]: https://www.chicagotribune.com/business/ct-biz-uber-hiring-o...

Logistics is a pretty mature industry as far as earning a sustainable profit goes. It would make sense they would be unaffected compared to their typical taxi type service.

Re: Uber lays off 435 people

#7
post #2

Related, but Uber is said to be hiring 2,00 for it's new Chicago office next year [1]. A mix of engineering and operations. My understanding this would be under their freight team, which according to this Techcrunch article, was unaffected by this layoff. [1]: https://www.chicagotribune.com/business/ct-biz-uber-hiring-o...

They also recently announced plans to hire 3,000+ in Dallas [1] at a brand new massive office. I'm sure the hiring and layoffs are from different business units, but it does seem strange that there's been multiple several-hundred-people-layoff stories form Uber recently at the same time they're announcing otherwise massive hiring expansion. I would at least figure that they would prefer to transfer engineers between units rather than to layoff and hire anew.

1: https://www.nbcdfw.com/news/local/Dallas-Leaders-Approve-Abo...

Re: Uber lays off 435 people

#8
There's definitely a tightening of capital happening right now. Investors are pulling back as fear of recession grows.

EDIT: Did I say I believe there's a recession coming? No. I said (accurately) that there are growing FEARS of one. There's definitely tightening of investments and capital happening.

Re: Uber lays off 435 people

#9
post #5
post #2

Related, but Uber is said to be hiring 2,00 for it's new Chicago office next year [1]. A mix of engineering and operations. My understanding this would be under their freight team, which according to this Techcrunch article, was unaffected by this layoff. [1]: https://www.chicagotribune.com/business/ct-biz-uber-hiring-o...

Unless there was a performance issue then why not allow these employees to transfer if they want to?

Because they will likely want to hire in Chicago at much lower salaries than SF but asking someone to eat a big salary reduction is hard.
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