UBER LAYS OFF ADDITIONAL 350 EMPLOYEES

CNBC is reporting that an addition 350 employees will be laid off in what Uber CEO Dara Khosrowshahi is calling the “last wave of a process we began months ago.” This news follows the round of 400 employees that were laid off in the marketing department following an abysmal IPO earlier this year. To add injury to insult, Uber has lost a total of $5.2 billion USD in the just the second quarter of 2019 alone.

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