'Uber Is Cutting 200 People In Its Recruiting Team; Latest Cuts Affect Less Than 1% Of Staff And Follow Other Layoffs Across The Company' - WSJ
Portfolio Pulse from Happy Mohamed
Uber is laying off 200 employees from its recruiting team, which represents less than 1% of its staff. This follows other layoffs across the company.
June 21, 2023 | 5:12 pm
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Uber is cutting 200 employees from its recruiting team, representing less than 1% of its staff, following other layoffs across the company.
The layoffs may indicate cost-cutting measures or internal restructuring at Uber. This could negatively impact investor sentiment and potentially lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100