Uber touches hundreds of spots | futurezone.at

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After years of rapid growth in the workforce, this should ensure that the number of employees remains "reasonable" relative to the company's priorities, Uber said on Tuesday. In the technology department about 265 jobs should be eliminated, in the product team another 170 jobs.

Uber's hope is that by "relentless" setting priorities to optimize the daily work, said a company spokesman in San Francisco and mentioned "performance and agility" in this context. Uber made his stock market debut in New York in May Wall Street but it was behind the expectations.

Share far below the issue price

Already in July, Uber had announced the reduction of 400 jobs in its marketing department to increase profitability. On the stock market, investors now welcomed the renewed downsizing: The Uber papers rose on Tuesday by almost 4 percent. But at around $ 33.50 (well over $ 30), the Uber shares are still well below the original issue price of $ 45, which the company had valued at $ 82 billion in May.

Since Uber 2011 in his hometown San Francisco The company has grown rapidly and has recently employed more than 27,000 people worldwide. At the same time, as part of this growth strategy, the company has squandered billions in order to secure the long-term status of "Amazon of traffic ".

mobility

Uber proposes a future in which people prefer to share their means of transport rather than owning them. The company is counting on being able to offer its users all possible means of transport via the Uber app as its leading mobility platform.

The former start-up has not only technology for self-propelled cars but also in electric bicycle fleets, a freight exchange that brings drivers together with companies, food delivery services or research on airline taxis. But analysts as well as Uber boss Dara Khosrowshahi even warn that it may take years before the vision of the group becomes reality.



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