Breaking News

iiyama G-Master heads to gamescom 2026 with new 49’’ monitor, sim racing and esports tournaments GIGABYTE Brings AORUS INFINITY to Gamescom 2026 with an Immersive Gaming Playground LG UltraGear Brings World’s First Native 1000Hz FHD Gaming Monitor to ChinaJoy 2026 Hollyland to Showcase Next-Generation Audio and Imaging Solutions at IFA 2026 XbotGo Expands European Footprint and Showcases Multi-Sport AI Tracking Capabilities at IFA Berlin 2026

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed

Search form

Uber to Layoff 350 Employees

Uber to Layoff 350 Employees

Enterprise & IT Oct 14,2019 0

Uber on Monday announced 350 job cuts focused on its self-driving car unit, recruiting and customer support.

The cuts, the third round in recent months, were focused in the autonomous vehicle unit, operations, recruiting and customer support, Uber said. Since July, the company has cut more than 1,000 jobs, more than 2 percent of its work force.

Uber's stock performance has been disappointing, with its price down about 30 percent since the first day of trading.

The layoffs have been received favorably by the company's investors, who have been worrying about the company's difficulty to report profit. They have questioned the strength of Uber’s ride-hailing business, while the company has pointed to its growth in its secondary businesses, including food delivery.

In August, Uber reported a record quarterly loss of $5.2 billion while it also experienced its slowest-ever revenue growth.

Last week, Uber announced its intent to acquire the grocery delivery company Cornershop.

In July, Uber laid off 400 people from its marketing department. And in September, it cut 435 people from its engineering and product groups.

Uber’s self-driving car unit, the Autonomous Technology Group, or A.T.G., was spun out from Uber in April after a $1 billion investment from SoftBank, Toyota and the Japanese automaker Denso.

Tags: Uber
Previous Post
CEATEC: Windows for IoT Adds Silicon Support and New Intelligent Edge Capabilities
Next Post
PCI Express 6.0 Specification Revision 0.3 Complete

Related Posts

  • Uber to Cut 6,700 Jobs, focuses on Core Rides, Delivery Business

  • Uber Sees Food-delivery Momentum, Says Rides Are Recovering

  • Uber and Alphabet Lead $170 Million Investment Into Lime Electric Scooters

  • Uber to Use Technology to Ensure Its Drivers Are Wearing Masks

  • Uber Withdraws Forecast and Will Write Down About $2 Billion

  • Uber Releases its 2020 Lost & Found Index

  • Uber Introduces the Work Hub to Connect U.S. Ride-hail Drivers to Delivery

  • Uber Says it Has Enough Cash Reserves to Withstand the Coronavirus Crisis

Latest News

iiyama G-Master heads to gamescom 2026 with new 49’’ monitor, sim racing and esports tournaments
Gaming

iiyama G-Master heads to gamescom 2026 with new 49’’ monitor, sim racing and esports tournaments

GIGABYTE Brings AORUS INFINITY to Gamescom 2026 with an Immersive Gaming Playground
GPUs

GIGABYTE Brings AORUS INFINITY to Gamescom 2026 with an Immersive Gaming Playground

LG UltraGear Brings World’s First Native 1000Hz FHD Gaming Monitor to ChinaJoy 2026
Gaming

LG UltraGear Brings World’s First Native 1000Hz FHD Gaming Monitor to ChinaJoy 2026

Hollyland to Showcase Next-Generation Audio and Imaging Solutions at IFA 2026
Cameras

Hollyland to Showcase Next-Generation Audio and Imaging Solutions at IFA 2026

XbotGo Expands European Footprint and Showcases Multi-Sport AI Tracking Capabilities at IFA Berlin 2026
Enterprise & IT

XbotGo Expands European Footprint and Showcases Multi-Sport AI Tracking Capabilities at IFA Berlin 2026

Popular Reviews

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Soft2bet and the unseen hardware that makes instant play possible

Soft2bet and the unseen hardware that makes instant play possible

The Quiet Technology Behind the Spin

The Quiet Technology Behind the Spin

SoundPeats Cove Pro

SoundPeats Cove Pro

Akaso Brave 8 Lite

Akaso Brave 8 Lite

Kioxia Exceria Plus G3 512GB microSD

Kioxia Exceria Plus G3 512GB microSD

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed