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The Uber layoffs announced yesterday now seem to be strategically timed. If we assume the standard 3 month severance offered by big companies, the layoffs woul
by johnrob 7y ago
The Uber layoffs announced yesterday now seem to be strategically timed. If we assume the standard 3 month severance offered by big companies, the layoffs would free up cash at the end of 2019 - right when they’d need it for the increase in CA drivers benefits.
- gorbachev 7y agoThey were already announced some time ago and are related to the catastrophic quarterly earnings for the last quarter.