Uber came to the agenda with the drop in market value after the public offering, today announced that it has dismissed 435 people working in the product and engineering departments. 170 people were removed from the product team and 265 people from the engineering team were dismissed.
Compared to the whole organization, the percentage of people employed corresponds to 8 percent. It should also be noted that layoffs have nothing to do with the company's favorite product, Eats and Freight.
It is also worth mentioning that since the beginning of August, the company has halted the recruitment drive in the product and engineering departments. 85 percent of layoffs took place in the US, while 10 percent took place in the Asian pacific operation. Let's add that only 5 percent of layoffs affect European, Middle Eastern and African operations.
Uber CEO Dara Khosrowshahi asked the management: “If you would start over, would your department be in its current state?” The dismissals, which followed the question, show that Engineering and Product Managers take action to answer this question.
Uber, who removed 400 people from the Marketing team in July, may be reconsidering its company and its costs as its value declines. Uber, in his official statement that currently employs a total of 27 thousand people in different cities of the world full-time, layoffs will reorganize the company and said the performance will affect positively.