Uber CEO Says Layoff Decision to Be Announced Within Two Weeks

Uber CEO Dara Khosrowshahi told staff on Tuesday to expect a decision about layoffs in the next two weeks as the ride-hailing company struggles with depleted demand for its core business. “Hope is not a strategy,” he told employees. “We’re not going to avoid hard decisions.” Some employees took that to mean job cuts were…

Uber CEO Says Layoff Decision to Be Announced Within Two Weeks

Uber CEO Dara Khosrowshahi told staff on Tuesday to expect a decision about layoffs in the next two weeks as the ride-hailing company struggles with depleted demand for its core business. “Hope is not a strategy,” he told employees. “We’re not going to avoid hard decisions.” Some employees took that to mean job cuts were inevitable. The comments came a week after The Information reported…

Exclusive

Magic Leap in Talks to Raise Money From ‘Major Health Care Company,’ CEO Tells Staff

Read More From Publisher