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This part of the article is particularly interesting: "Meanwhile, Uber has been working to fulfill a promise to shareholders and employees that it would achiev
by jackinmyshoeb 11y ago
This part of the article is particularly interesting:
"Meanwhile, Uber has been working to fulfill a promise to shareholders and employees that it would achieve profitability in North America by the second quarter of 2016, a milestone it says it has now reached in the U.S. and Canada."
The effects of this are being felt in engineering, there is a freeze on any new hardware purchases at the moment. You need a new server? Too bad, make do with what you've got. They've also reduced perks for new hires, and new hires are being stiffed in terms of compensation compared to what employees were getting just a few months ago, both in terms of stock and base salary and Uber credits.