I generally view these moves as simply a soft layoff to cut down on costs.
Uber doesn't really have any way to grow. They can't exactly start charging more. They can't pay their drivers less, who already are paid poorly. The market for expensive taxi rides isn't going to expand, either.
So now they have to be in a cost-cutting mode. The app already exists, so they don't need a large staff of highly-paid technologists.
Uber doesn't really have any way to grow. They can't exactly start charging more. They can't pay their drivers less, who already are paid poorly. The market for expensive taxi rides isn't going to expand, either.
So now they have to be in a cost-cutting mode. The app already exists, so they don't need a large staff of highly-paid technologists.