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They said this is a "final wave"

• rainyMammoth 7y ago
  ah well, if they said so we should just believe them.
• ithinkinstereo 7y ago
  Perhaps. But obviously they'd want to make this appear as the "final" wave to not overly-agitate existing employees. It'll be interesting to see how this quarter's earnings go (especially since the lockup expires in Nov). If the market reacts poorly, expect additional cost cuts.
  • brink 7y ago
    No, that would erode trust. Saying "this is the final wave", and following that up with a fourth wave of layoffs would be even worse for employee agitation, and have a worse long-term effect. I doubt Uber management is that dumb.
    • rainyMammoth 7y ago
      So you think there will NEVER be another waves of layoffs? This is obviously a statement they needed to make in order to calm down the current employees.
    • rainyMammoth 7y ago
      No. Do you really think they can promise anything? It will depends on the direction of the Stock in the next month.
    • modestmasse 7y ago
      If they want another wave after saying 'final wave' they just tell their managers to manage their bottom N% out during the next two quarters and call it a day. Or they can just talk about changing priorities and keep on cutting. It'd be fine in the long run.
    • WrtCdEvrydy 7y ago
      > I doubt Uber management is that dumb. Should we tell him?
• techie128 7y ago
  The fine print to such management speak is, "...this is the final wave until our bottom line improves". If Uber's financial position doesn't improve, we are guaranteed to see more "waves". Given Uber's current trajectory, I would assume they would end up cutting 30-40% staff over the next couple years. 19K employees for their business is overkill.
• notfromhere 7y ago
  Not according to their quarterly earnings its not. They're going to have to keep slicing until they start generating profits
• luckydata 7y ago
  The final wave before the next one.