Lyft lays off 17 percent of its workforce and furloughs hundreds more [The Verge]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: The Verge
Illustration by Alex Castro / The Verge said it will lay off nearly 1,000 employees, or about 17 percent of its workforce, as the novel coronavirus pandemic continues to decimate the already cash-strapped ride-hailing industry. The layoffs, which the company announced in a filing with the Securities and Exchange Commission on Wednesday, come as the company’s larger rival, Uber, isreportedly also contemplating steep cuts says it will terminate 982 employees, which it anticipates will cost between $28 million to $36 million in “restructuring and related charges primarily related to employee severance and benefits costs,” the filing states.The company says it will also furlough 288 employees and reduce salaries for exempt employees for a three month period. ’s executive team will take a 20–30 percent pay cut, while all other non-furloughed employees will see their salaries reduced by 10 percent. Members of ’s board of directors have voluntarily agreed to forgo 30 percent of their cash co
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UBER
News
- Uber Technologies Insiders Sell US$15m Of Stock, Possibly Signalling Caution [Yahoo! Finance]Yahoo! Finance
- This Startup Makes Ammonia By Turning The Planet Into A Chemical Reactor [Forbes]Forbes
- Uber Technologies (NYSE:UBER) was downgraded by analysts at Erste Group Bank AG from a "buy" rating to a "hold" rating.MarketBeat
- This Dow Index Has Turned a Corner [Yahoo! Finance]Yahoo! Finance
- Blue-city riders hit with priciest Uber fares as LA, NYC costs soar past comparable metros, data shows [FOX News]FOX News
UBER
Earnings
- 11/4/25 - Beat
UBER
Sec Filings
- 11/18/25 - Form 4
- 11/18/25 - Form 4
- 11/18/25 - Form 4
- UBER's page on the SEC website