tl;dr: 1. laid off 400 "marketing" staff(global) 2. hiring freeze in U.S.(& Canada) for engineering(software) & PMs, due to reaching hiring quota for this yea

tl;dr: 1. laid off 400 "marketing" staff(global) 2. hiring freeze in U.S.(& Canada) for engineering(software) & PMs, due to reaching hiring quota for this year 3. $5.24B net loss(biggest ever) 4. hiring continues for logistics, autonomous-car etc.. Interesting facts indeed. Why does Uber(& the likes) need to continue hiring engineers/PMs really? Unless they are opening new products every year, can't their existing engineering handle all of the existing products? Given how well they pay(heard info), am curious whether engineers still leave after a while, needing constant replacement every year? Am not demeaning anything, am really curious. I assumed places like Uber/ABNB/Lyft don't lose staff easily.