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The game plan is pretty simple: use VC cash to quickly provide services everywhere and build market share, drive competitors out of business / acquire them, move to self-driving cars to the extent possible and eventually raise rates when customers have no other options.
This is always brought up as the game plan but are there any examples where this worked out?
Can someone explain why Uber stock is up 7% today then? Is it because Uber's expenditure will decrease because of the layoffs?
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> How might this affect hiring in the future when they need more people "Independent contractors" working from home and using their own equipment. "Gig economy". Hope they enjoy it.
Geez, this is incredibly callous. These are real people who are losing their livelihoods.
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Well, everyone knew it was coming. Dara has been pretty transparent about the timelines, plus there were a ton of leaks in the news about details over the course of the last few weeks. It looks like everyone in eng got an email this morning that stated in bold italics whether they are affected or not. Gotta say I appreciated that clarity. But the day's just starting so I don't really have a grasp on what teams are st…
I don't understand why the firings are waves. Is this a logistics thing, or a morale thing somehow? Because it seems like it would negatively impact morale, more than anything. In either case, don't feel obligated to answer given the current circumstances. I'm sorry this is happening to you and your company. I'm sending you and the other workers good wishes.
Dara's email was really well written, and felt as compassionate as one can for a letter from a CEO announcing job cuts. The full email: Team Uber: These have been unprecedented and challenging times for everyone—our societies, our governments, our families, our economies, all around the world. They’ve also been challenging for Uber, and many of you, as you’ve waited for us to define the road ahead. I’ve said clearly…
> I am incredibly thankful to everyone reading this email, because I'm just curious, did you take the time to add the emphasis here, or did the original email have the word "everyone" surrounded by asterisk characters?
I was let go today from Uber. If anyone is looking for a Frontend/Fullstack with 7yoe. I'm here :) Find me on LinkedIn https://www.linkedin.com/in/travis-lawrence-b77400b8/
Dara's email was really well written, and felt as compassionate as one can for a letter from a CEO announcing job cuts. The full email: Team Uber: These have been unprecedented and challenging times for everyone—our societies, our governments, our families, our economies, all around the world. They’ve also been challenging for Uber, and many of you, as you’ve waited for us to define the road ahead. I’ve said clearly…
> I had to make this decision because our very future as an essential service for the cities of the world Any company that facilitates or provides an in-person service that has seen a sharp decline from Covid-19 is pretty clearly not an essential service in the minds of their customers.
I was let go today from Uber. If anyone is looking for a Frontend/Fullstack with 7yoe. I'm here :) Find me on LinkedIn https://www.linkedin.com/in/travis-lawrence-b77400b8/
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A large portion of taxi drivers are independent contractors.
and they dont' pay % of their revenue to the 'base station entity'. This Uber trick: taking % of the revenue for the fixed cost service (they provide to the taxis drivers ) is the master trick making uber money. So far, in Europe, all taxi corporations charge taxi driver FIXED (quite small 100..200 usd/month) amount for operating telco/web/radio and coordinating fleet of taxis. Uber's ability to push bulshine here is…
Unless they own their own medallion, they pay "medallion rent". They'll also pay dispatch fees. Many taxi drivers switched over to being Uber drivers because they could earn (and keep) more money, not less.
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> And over the next 12 months we will begin the process of winding down our Singapore office and moving to a new APAC hub in a market where we operate our services. Wonder where the new APAC hub is? Could it be Hong Kong? They have had the unrest issues but haven't been impacted much by covid, relatively speaking.
My educated guess is India. They have a reasonably big development center in Bangalore and Hyderabad, besides operating rides business there.