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Home » business » 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

Uber laid off 8% of the organisation, with 170 people leaving the product team and 265 people leaving the engineering team.

By Newsd
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Uber lays off 435 more employees; this time from engineering and product teams
Source: Reuters

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.”

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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.

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