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A comment on Uber discusses plan to lay off about 20% of employees. Parent comment

Re:Uber discusses plan to lay off about 20% of employees by edouard-harris on Wednesday April 29, 2020 @09:27AM (#23018835)
They do not lose money with every ride, at least according to their most recent investor presentation [1]. Their rides segment is already profitable - albeit on an EBITDA basis, but with decent and growing margins.

[1] https://s23.q4cdn.com/407969754/files/doc_financials/2019/sr... (slide 15)

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