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Uber Freight cuts 150 jobs, about 3% of the unit’s head depend – Information by Automobilnews.eu

Uber Freight cuts 150 jobs, about 3% of the unit’s head depend


Uber Freight has laid off 150 staff, or about 3% of the phase’s complete head depend.

The layoffs have an effect on the division’s digital brokerage group, Uber Freight CEO Lior Ron mentioned Monday in a message considered by CNBC. They’re the primary layoffs since 2020, within the early weeks of Covid lockdowns.

Uber launched its freight unit in 2017 with a perception that trucking firms and laden items might be matched utilizing the identical idea that underpinned the corporate’s ride-hailing expertise. The unit booked $1.8 billion in income for the third quarter of 2022, up 336% 12 months over 12 months.

“As you understand, the logistics market is presently dealing with a lot of headwinds which has impacted our buyer base in addition to the general business,” Ron informed staff. “We accelerated hiring final 12 months inside sure areas of our Brokerage enterprise, planning for a distinct financial actuality, however the volumes didn’t materialize as anticipated.”

Uber CEO Dara Khosrowshahi mentioned final week on the World Financial Discussion board in Davos that he is not planning companywide layoffs.

The cuts observe far deeper tech layoffs at Alphabet, Meta, Amazon, Microsoft and Twitter. In November, supply service DoorDash laid off 1,250 staff, or 6% of its head depend, weeks after ride-hailing platform Lyft reduce 13% of its head depend.

Laid-off staff “can be prolonged departure packages and help that features severance, prolonged healthcare and 2022 bonus cost, outplacement and profession help, and if relevant, immigration companies,” Ron mentioned.

Uber releases its 2022 full-year earnings on Feb. 8.

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Uber Freight cuts 150 jobs, about 3% of the unit’s head depend – Information by Automobilnews.eu
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