Re:Uber lays off 435 people
by bowcoy on Tuesday September 10, 2019 @06:57PM
(#20934759)
Based on year 2018 numbers, Uber needs to grow their revenue by 9.3%, and reduce their expenses by 6% to book a 0.1B profit. Assuming an average employee expense of 230k per year, Uber letting go 435 puts them 6.66% on the way to profitable expense reduction.
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