Uber may cut jobs based on performance reviews – Times of India
Why Uber is cutting jobs?
As per the report, the spokesperson sided with Uber’s CEO and said that the company’s plans to cut no jobs “hasn’t changed”. He mentioned that these alleged job cuts are a result of stricter performance reviews. He even added, “This year, we’ve taken an even more rigorous approach to our performance review process to ensure our talent bar remains very high. We plan to backfill these positions and will continue to invest in attracting and retaining top talent at Uber.”
The report didn’t mention the total number of impacted roles at Uber. In December 2022, Meta also reportedly announced its plans to take a stricter approach to its performance review process which was held in January.
How Uber fared in 2022
Uber reported fourth-quarter revenue of $8.6 billion at the beginning of February. The company saw a 49% year-over-year increase in its revenue. Khosrowshahi also said, “We ended 2022 with our strongest quarter ever, with robust demand and record margins.” the cab-hailing platform also saw a 19% growth in gross bookings since last year. Uber has predicted bookings for the first quarter will continue to grow.
Layoffs announced by other companies
In November 2022, Meta laid off nearly 11,000 workers, while Microsoft said in January that it plans to lay off around 10,000 employees. Meanwhile, Google also said that it is planning to cut 12,000 jobs.
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