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Uber cuts 435 jobs in its product and engineering teams



That doesn't mean Uber won't rent. A source at TC claims that the company is canceling the lease, which was implemented in August. However, the new approach implies that there will not be as many positions as there may have been in the past.

The redundancies came weeks after Uber cut 400 jobs in its marketing team.

Uber stated that talks about job cuts have continued for some time and have not been in response to recent quarterly results, but there is little doubt that the company's financial performance weighs on any decision. Now that Uber is a public company, it is under pressure to limit years of losses and make it profitable. The layoffs won't make a huge dent on their own, but they help the company optimize costs and work more efficiently ̵

1; and with California potentially reclassifying drivers as employees through a new law, labor costs can easily go up. The problem, as always, is that people pay the price every day.


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