Original title: Uber announced 350 layoffs, and its share price soared by more than 3%
Tencent securities on October 15, Uber (NYSE: Uber) confirmed on Monday that the company has cut about 350 employees in multiple teams, including Uber eats. After the news, Uber's share price rose sharply by more than 4% and rose 3.29% as of the close.
In an email to employees throughout the company, Dara khosrowshahi, CEO of Uber, announced the layoff plan.
Kosrosasi wrote in his letter: "a day like today is difficult for all of us. The executive leadership team and I will do our best to ensure that such a day is no longer needed in the future."
Other teams affected by the layoff include Uber's performance marketing department, recruitment department, advanced technology department and safety department, as well as several global ride and platform departments. According to the data provided by FactSet, a financial information provider, the layoffs account for about 1.5% of Uber's total employees. At present, the company has 22263 employees.
This marks the latest round of layoffs in Uber, after the company cut 435 employees in its engineering and product team in September. In August this year, Uber also laid off 400 people in its marketing team.
The full text of this email sent by Dala kosrosasi to employees is as follows:
Uber team:
As you know, our leaders have carefully examined their team over the past few months to ensure that our organizational structure can be successful in the coming years. This brings about difficult but necessary changes to ensure that the right people play the right role in the right place and that we always responsibly guarantee the best performance.
We started layoffs in the marketing team a few months ago, and recently in the product and engineering team, and today is the last wave of this process. This time, ATG, eats, global rides and platforms (rides OPS, commops, safety insurance, u4b and product OPS), performance marketing and recruitment departments have also changed. As part of this activity, some of our employees are being asked to move, and about 350 people will leave the company.
A day like today is difficult for all of us. The executive leadership team and I will do our best to ensure that such a day is no longer needed in the future. We must all create a new normal in the way we work, so as to play our role: identify and eliminate duplication of work, adhere to high standards of performance, give direct feedback and take action when expectations are not met, and eliminate the bureaucracy that tends to emerge gradually as the company grows.
We have proved that we are not only one of the most ambitious and innovative companies in the world, but also one of the most adaptable companies. We have been struggling to get through the difficulties and become a better and stronger company - whether tomorrow or every day in the future.
As always, we will go all out tomorrow and spend most of our time answering your questions. You can add your own questions to the slido system here.
Eyes forward -- then back to the building.
--Dara