Re:Uber cuts 3000 more jobs, closes 45 offices
by rvz on Monday May 18, 2020 @12:27PM
(#23224553)
> Is it because Uber's expenditure will decrease because of the layoffs?
Yes.
This is Uber's way of saying to their investors that their costs will decrease due to losing billions during the coronavirus outbreak, thus head count must be decreased. But some who are buying now, may see this as a way of selling at the "bull trap" in Q2.
Yes.
This is Uber's way of saying to their investors that their costs will decrease due to losing billions during the coronavirus outbreak, thus head count must be decreased. But some who are buying now, may see this as a way of selling at the "bull trap" in Q2.