Uber lays off 435 more employees; this time from engineering and product teams

Uber lays off 435 more employees; this time from engineering and product teams

In an additional round of termination in 2019, Uber on Tuesday laid off 435 employees across its product and engineering teams. Combined, the layoffs represent about 8% of the organisation, with 170 people leaving the product team and 265 people leaving the engineering team.

The news, which was first reported by TechCrunch, comes a few months after Uber said it would be cutting 400 employees from its marketing division. The layoffs had no effect on Eats, which is one of Uber’s top-performing products.

Uber confirmed the layoffs and released a statement to TechCrunch, “Our hope with these changes is to reset and improve how we work day to day – ruthlessly prioritizing, and always holding ourselves accountable to a high bar of performance and agility. While certainly painful in the moment, especially for those directly affected, we believe that this will result in a much stronger technical organisation, which going forward will continue to hire some of the very best talent around the world.”

Maruti Suzuki hit by economic slowdown; cuts 3,000 contract jobs

After debuting on Wall Street in May, the company has seen plummeting stock prices, quarterly revenue loss and an exodus of high-level executives. Three of Uber’s board members have stepped down since then, along with its chief operating officer and chief marketing officer.

Uber and its rival Lyft are also fighting a proposed law in California that could reclassify drivers as employees, rather than keep them as independent contractors.

IBM fired 1,00,000 older employees to look ‘cool,’ alleges lawsuit

Latest Update