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Uber Layoffs 2019: What to Know About the Job Cuts

Uber layoffs 2019 have the transportation company reducing its workforce by 435 employees.

Uber Stock Needs to Find a Way to Stand Out

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Here’s what to know about the Uber (NYSE:) job cuts.

  • This includes 170 people from its product team and 265 people from its engineering team.
  • U.S. Uber employees make up 85% of the layoffs.
  • The final 5% of layoffs are for employees in Europe and other countries.
  • Uber notes that the duplicate positions were due to its previous method of hiring fast and in a decentralized way.

You can head over to to learn more about the Uber layoffs 2019, including those from earlier this year.

Obviously not everyone is happy about the Uber layoffs. However, there are those employees that seem to agree changes were necessary. This is what one alleged Uber engineer has to say over on .

“I think the layoffs were long overdue and should’ve happened sooner. There was a general understanding between my coworkers and I that Uber definitely over hired in 2016. Thanks to that a lot of engineers ran out of things to do which led to political infighting over roadmap, ridiculous redundant resourcing – every single team had mobile/web, severe shortage on infra teams since head count was already taken by main Uber teams.”

UBER stock was up 1% as of Wednesday afternoon.

As of this writing, William White did not hold a position in any of the aforementioned securities.

The post appeared first on InvestorPlace.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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