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Perhaps. But obviously they'd want to make this appear as the "final" wave to not overly-agitate existing employees. It'll be interesting to see how this quarte
by ithinkinstereo 7y ago
Perhaps. But obviously they'd want to make this appear as the "final" wave to not overly-agitate existing employees. It'll be interesting to see how this quarter's earnings go (especially since the lockup expires in Nov). If the market reacts poorly, expect additional cost cuts.
- brink 7y agoNo, that would erode trust. Saying "this is the final wave", and following that up with a fourth wave of layoffs would be even worse for employee agitation, and have a worse long-term effect. I doubt Uber management is that dumb.
- rainyMammoth 7y agoNo. Do you really think they can promise anything? It will depends on the direction of the Stock in the next month.
- modestmasse 7y agoIf they want another wave after saying 'final wave' they just tell their managers to manage their bottom N% out during the next two quarters and call it a day. Or they can just talk about changing priorities and keep on cutting. It'd be fine in the long run.
- WrtCdEvrydy 7y ago> I doubt Uber management is that dumb. Should we tell him?
- rainyMammoth 7y agoSo you think there will NEVER be another waves of layoffs? This is obviously a statement they needed to make in order to calm down the current employees.