Job openings just hit their highest level since May, yet something is quietly vanishing from payrolls that the 4.1% unemployment rate is not built to detect.
Uber is slashing thousands of jobs and pouring billions into self-driving cars it will never actually build. Whether that bet saves the company or slowly hands its future to someone else is the real question.
Uber and Wayve launch supervised autonomous rides in London, starting a gradual U.K. rollout tied to demand, tech readiness and regulation.
At $76.45, Uber Technologies (NYSE:UBER | UBER Price Prediction) looks compelling at current levels. The rideshare and delivery platform is down 6.
Uber Technologies (UBER) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, UBER crossed above the 200-day moving average, suggesting a long-term bullish trend.
Uber announced on Wednesday it is cutting 10% of its workforce. That's 3,300 employees, the ride-hailing service told Fast Company.
Uber announced plans to lay off some managers and eliminate nearly half of its "micro-teams." It's part of the Great Flattening, as companies look to cut costs and trim managerial layers.
Ride-hailing giant Uber will lay off about 10% of its staff as part of "significant organizational changes," CEO Dara Khosrowshahi said in a message to employees released Wednesday.
The ride-hailing giant's CEO said Uber is cutting management layers, consolidating teams and requiring most remote workers to relocate to key office hubs.
The German delivery company said its management and supervisory boards had independently reviewed the U.S. giant's offer.
Landmark lawsuit claims tech company's pay-setting system has breached privacy laws and pushed down earnings
Uber is reportedly cutting roughly 3,300 jobs, or 10% of its total workforce. That's according to a report Wednesday (Sept.