Uber CEO tells staff company will cut down on costs, treat hiring as a 'privilege'(DE.UT8) - 09 mai 2022

Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC. It makes the ride-hailing giant the latest tech company to warn of a slowdown in hiring. Facebook last week told staff it would stop or slow the pace of adding midlevel or senior roles, while Robinhood is cutting about 9% of its workforce. 

Uber’s revenues more than doubled to $6.9 billion in the first quarter, as demand for its rides business rebounded thanks to a relaxing of Covid restrictions. The company has relied heavily on its Eat food delivery unit to boost sales in the pandemic. Still, Uber also posted a $5.9 billion loss in the period, citing a slump in its equity investments.

https://www.cnbc.com/2022/05/09/uber-to-cut-down-on-costs-treat-hiring-as-a-privilege-ceo-email.html