Uber cuts 3000 more jobs, closes 45 offices

Re:Uber cuts 3000 more jobs, closes 45 offices by blihp on Monday May 18, 2020 @12:50PM (#23224897)

The game plan is pretty simple: use VC cash to quickly provide services everywhere and build market share, drive competitors out of business / acquire them, move to self-driving cars to the extent possible and eventually raise rates when customers have no other options.

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Re:Uber cuts 3000 more jobs, closes 45 offices by mrweasel on Monday May 18, 2020 @01:00PM (#23225049)

Well... yes, but the problem with that plan is that Uber would need VC funding for 20 more year while they try to make the self driving cars work.

I feel bad for the people who got fired, but I also believe is was bound to happen, the current situation with Covid-19 just speed up the process.

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Re:Uber cuts 3000 more jobs, closes 45 offices by josteink on Tuesday May 19, 2020 @03:49AM (#23232366)

> drive competitors out of business / acquire them, move to self-driving cars to the extent possible

The problem is that they have no self-driving cars and thus just represents the most massively over-staffed taxi-hailing mobile app ever.

I’d be surprised if we don’t see much more dramatic job cuts in the future.

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Re:Uber cuts 3000 more jobs, closes 45 offices by partiallogic on Monday May 18, 2020 @12:56PM (#23224977)

This is always brought up as the game plan but are there any examples where this worked out?

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Re:Uber cuts 3000 more jobs, closes 45 offices by dbancajas on Monday May 18, 2020 @12:59PM (#23225028)

probably not. but while doing that (takes 10 years), all the execs and VCs get rich while the investing public is left holding the bag.

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Re:Uber cuts 3000 more jobs, closes 45 offices by blihp on Monday May 18, 2020 @01:09PM (#23225203)

I believe Amazon was the (modern) prototype of this type of business plan.

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