By on May 19, 2020

Uber Technologies eliminated an additional 3,000 jobs on Monday, closing offices around the world as certain regions revealed less growth than the outfit had hoped for. We covered the ride-hailing firm’s financial situation last week, as reports circulated that it wanted to drop a few billion to acquire Grubhub and enhance its own food-delivery service in the wake of the coronavirus pandemic.

At the time, the firm had already cut 3,700 jobs pertaining to customer support and human resources. Even in the absence of people shunning shared transportation and local governments forcing citizens to stay indoors, Uber’s preexisting inability to turn a profit would probably have forced the company to restructure eventually. The pandemic pinned the accelerator to the floor mat, however, likely forcing additional cuts by the company’s own admission. Considering Uber has already axed about a quarter of its global workforce, it’s probably time to place it on death watch.  (Read More…)

Recent Comments

  • BobinPgh: That is so you get a new Cadillac!
  • BobinPgh: Why didn’t Cadillac make the 6 cylinder engine standard and just not mention the number of cylinders...
  • dantes_inferno: >there are non-petroleum plastics out there The asphalt roadways vehicles rely on are petroleum...
  • ToolGuy: @Jeff S, I believe you will find that the last significant revisions to U.S. fuel economy standards were...
  • Varezhka: You are also able to order a base Land Cruiser GX for 45K USD including 10% sales tax over there. No wonder...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber