2 ms·

wow reads like an orbituary - shame on uber pulling the easy one on those unfortunate folks

• vikramkr 6y ago
  If the alternative is the company going out of business, this isn't the "easy one." I don't like uber (I'm sure my post history has plenty of anti-uber mini rants...), and even I'll admit this is pretty nice of them. Most companies going through mass layoffs don't give people severance/benefits as good as uber did (AirBNB also did this well), and I can't say I've heard of one going this far to set up a site to try and get them hired.
• mr_coleman 6y ago
  If you want to be extra cynical, think of it as an asset auction listing as part of a liquidation.
• rdbell 6y ago
  If the executive team doesn't let staff go they will be fired by the board. If the board doesn't fire the executive team they will be voted out by the shareholders. If the shareholders don't vote out the board the stock price will plummet and in the best case scenario what's left of Uber gets vacuumed up by another company or activist investors and they go back to step 1 minus any of the severance packages and good-will. It's horribly sad to see mass layoffs but the alternative creates a lot more chaos.