Uber is freezing hiring for software engineers and product managers across its US and Canadian workforce, the company acknowledged to Bloomberg on Friday. The shift was reported by Yahoo earlier in the day. The freeze does not apply to Uber's autonomous vehicle and freight shipping divisions.
The news comes a day after Uber reported second quarter operating losses of $5.4 billion—a new record for the company. That figure exaggerates Uber's quarterly burn rate because it includes more than $4 billion in one-time charges related to Uber's initial public offering. Still, excluding IPO-related charges still leaves around $1.2 billion in operating losses, worse than the $1 billion the firm lost in the first quarter.
Uber recently laid off 400 marketing workers. According to Yahoo, Uber employees are worried that this could be a prelude to broader cuts as the company's struggles to stem its losses.
(Score: 1, Insightful) by Anonymous Coward on Saturday August 10 2019, @11:53PM (7 children)
What the fuck are you on about with funneling money to warlords? Holy shit, this place is more fucked up than slashdot.
(Score: 3, Funny) by Booga1 on Saturday August 10 2019, @11:59PM (6 children)
You must be new here. Nomad perhaps due to Slashdot disabling anonymous coward comments?
Anyway, Ethanol over here will sometimes make somewhat interesting comments occasionally and then find some way to derail any point he had by the end of his post.
This one is par for the course.
(Score: 1) by Ethanol-fueled on Sunday August 11 2019, @12:56AM
Oh wait, there is a legitimate answer to that question. They were probably just in the "Social Media" wing of marketing, shillposting positive reviews and comments of Uber and throughout the internet at large.
(Score: 0) by Anonymous Coward on Sunday August 11 2019, @01:13AM (4 children)
Yeah, I’m new here. And that dude went straight fucking psycho paranoia.
(Score: 0) by Anonymous Coward on Sunday August 11 2019, @02:06AM
It happens... Just make an account. Post a bit and mod him...
(Score: 4, Informative) by edIII on Sunday August 11 2019, @04:46AM (2 children)
Think of it this way. You went to a zoo, and an angry psychotic monkey flung poo at you in the first few minutes. Understandably, you might put off from seeing the rest of the exhibits.
It would be shame, the rest of the animals around here are more interesting :)
Technically, lunchtime is at any moment. It's just a wave function.
(Score: 2) by PartTimeZombie on Monday August 12 2019, @12:52AM
Oi!
Who are you calling an animal?
Woof! Grrr!
(Score: 2) by All Your Lawn Are Belong To Us on Monday August 12 2019, @07:47PM
That's animalist. Some of us are plants.
This sig for rent.