Uber’s Profit Forecast Falls Short as Driver Shortages and Rising Costs Weigh on Growth
Uber has forecast fourth-quarter adjusted earnings below Wall Street expectations, as driver shortages, rising fuel prices and the ongoing Middle East conflict weigh on its ride-hailing business across markets including India, Brazil and Canada....
Uber to Cut 3,300 Jobs as Robotaxi Competition Reshapes Ride-Hailing Business
Uber Technologies plans to cut about 3,300 jobs, or roughly 10% of its workforce, in its largest round of layoffs since the COVID-19 pandemic. CEO Dara Khosrowshahi said the restructuring will simplify the company’s...