Uber cuts 3000 more jobs, closes 45 offices

Post by blihp » Mon, May 18, 2020, 4:50 PM UTC

rvz wrote: post #62

I can't imagine how companies like Uber, Lyft and WeWork could be sustainable in the long term with huge costs and a high burn rate, but this action is definitely in addressing the future Q2 results in the summer which is the actual results including the impact on the coronavirus outbreak. Essentially for companies like Uber and Lyft who don't focus on fast growth, VC cash raising and generating little money with hug…

Post by [deleted] » Mon, May 18, 2020, 4:51 PM UTC

travisl12 wrote: post #52

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/

Post by elliekelly » Mon, May 18, 2020, 4:52 PM UTC

jonluca wrote: post #9

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…

Post by johntiger1 » Mon, May 18, 2020, 4:54 PM UTC

nostrademons wrote: post #46

setgree wrote: post #28

Earlier quoted context omitted.

It's gauche to say it on the day a bunch of people lost their jobs (and there's no need for the schadenfraude) but I think the underlying point is sane. Uber's business model is replacing FTEs in a a hidebound, regulated industry with gig workers (& good UX!). If you were forecasting how this company in particular would deal with a downturn, it's a reasonable guess that they'll try to do the same thing to their own w…

The reason why software companies don't generally hire contract software developers rather than bringing them on as FTEs is that they're less effective . Software development is a high-communication, high-trust activity; it's very helpful to be able to explicitly direct and manage the activities of your workforce, because otherwise they don't produce anything useful. For specific tasks that don't need to be high-trus…

Post by partiallogic » Mon, May 18, 2020, 4:56 PM UTC

blihp wrote: post #91

rvz wrote: post #62

I can't imagine how companies like Uber, Lyft and WeWork could be sustainable in the long term with huge costs and a high burn rate, but this action is definitely in addressing the future Q2 results in the summer which is the actual results including the impact on the coronavirus outbreak. Essentially for companies like Uber and Lyft who don't focus on fast growth, VC cash raising and generating little money with hug…

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.