Uber freezes engineering hires amid mounting losses

Feeling the burn — Uber has been burning cash at more than $1 billion per quarter. Timothy B. Lee – Aug 10, 2019 1:30 am UTC Enlarge / Dara Khosrowshahi, shown here in 2013, is CEO of Uber.Matthew Lloyd/Bloomberg via Getty ImagesUber is freezing hiring for software engineers and product managers across its US and…

Uber freezes engineering hires amid mounting losses

Feeling the burn —

Uber has been burning cash at more than $1 billion per quarter.

Timothy B. Lee
– Aug 10, 2019 1:30 am UTC

Enlarge / Dara Khosrowshahi, shown here in 2013, is CEO of Uber.Matthew Lloyd/Bloomberg via Getty ImagesUber is freezing hiring for software engineers and product managers across its US and Canadian workforce, the company acknowledged to Bloomberg on Friday. The shift was reported by Yahoo earlier in the day. The freeze does not apply to Uber’s autonomous vehicle and freight shipping divisions.
The news comes a day after Uber reported second quarter opera
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