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posted by janrinok on Saturday August 10 2019, @11:02PM   Printer-friendly
from the chilly-drive dept.

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.


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  • (Score: 4, Informative) by edIII on Sunday August 11 2019, @04:46AM (2 children)

    by edIII (791) on Sunday August 11 2019, @04:46AM (#878706)

    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 :)

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  • (Score: 2) by PartTimeZombie on Monday August 12 2019, @12:52AM

    by PartTimeZombie (4827) on Monday August 12 2019, @12:52AM (#879008)

    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

    by All Your Lawn Are Belong To Us (6553) on Monday August 12 2019, @07:47PM (#879345) Journal

    That's animalist. Some of us are plants.

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