Uber Lays Off Hundreds More Workers as It Struggles to Make Money

Technology|Uber Lays Off Hundreds More Workers as It Struggles to Make MoneyImage“It’s critical we get our edge back and continually push ourselves to do better,” Uber’s chief executive, Dara Khosrowshahi, wrote in an email to staff on Tuesday.CreditCreditEric Risberg/Associated PressSept. 10, 2019, 5:11 p.m. ETSACRAMENTO — Uber laid off 435 workers in its product and…

Uber Lays Off Hundreds More Workers as It Struggles to Make Money

Technology|Uber Lays Off Hundreds More Workers as It Struggles to Make MoneyImage“It’s critical we get our edge back and continually push ourselves to do better,” Uber’s chief executive, Dara Khosrowshahi, wrote in an email to staff on Tuesday.CreditCreditEric Risberg/Associated PressSept. 10, 2019, 5:11 p.m. ETSACRAMENTO — Uber laid off 435 workers in its product and engineering teams on Tuesday, the company’s second round of cuts in recent months as it struggles to make money.The cuts, which total about 8 percent of Uber’s global product and engineering group, follow 400 layoffs in July from the marketing team. In a message to employees about the layoffs on Tuesday that was viewed by The New York Times, Uber’s chief executive, Dara Khosrowshahi, said the company had gone off course as it grew and must streamline to regain its competitive edge.“In the past, we grew our teams rapidly and in a decentralized way. This made sense as we worked to scale the business globally and find product-market fit,” Mr. Khosrowshahi wrote in the email, which echoed what he said in July with the previous layoffs. “But at a certain point, bigger teams do not mean better results. It’s critical we get our edge back and continually push ourselves to do better.”Uber has been under pressure this year over its long-ter
Read More From Publisher