Uber Freight cuts 150 jobs, about 3% of the unit's head count
Publishing timestamp: 2023-01-24 09:52:47
Summary
Uber Freight has laid off 150 employees, or 3% of its total head count. This is the first layoff since the early weeks of the Covid lockdowns. The cuts follow deeper tech layoffs at Alphabet, Meta, Amazon, Microsoft, Twitter, DoorDash, and Lyft. The laid-off employees will receive severance, extended healthcare, 2022 bonus payment, outplacement and career support, and immigration services if applicable.
Sentiment: NEGATIVE
Tickers: UBER, GOOGL, META, MSFT, AMZN,
Keywords: investment strategy, alphabet class a, business news, fintech, technology, dara khosrowshahi, transportation, uber technologies inc, microsoft corp, autos, amazon.com inc, meta platforms inc,