As Uber reportedly contemplates layoffs, a look back at its post-IPO financial performance

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Yesterday news broke that Uber’s CTO Thuan Pham would leave the company (confirmed), and that the American technology giant is contemplating a huge staffing cut to reduce its cost structure. COVID-19 has changed how much…

As Uber reportedly contemplates layoffs, a look back at its post-IPO financial performance

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.
Yesterday news broke that Uber’s CTO Thuan Pham would leave the company (confirmed), and that the American technology giant is contemplating a huge staffing cut to reduce its cost structure. COVID-19 has changed how much people move around, hampering the ride-hailing company’s business.
If the cuts come to pass at the scale T
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