- Uber has paused hiring for engineering roles in the US and Canada, it confirmed on Monday.
- The move follows a 400-person layoff at the end of July.
- Last week, the company reported second-quarter earnings that fell short of investor expectations and sent the stock plummeting.
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After burning through more than $US5.2 billion in the second-quarter,Uber’s third-quarter appears to be marked by significant cost-cutting measures.
The ride-hailing confirmed to Business Insider on Monday that it has temporarily paused hiring for some engineering roles in the United States and Canada. Yahoo Finance first reported the hiring freeze.
“We are continuing to aggressively hire talent, including many engineers, all over the world,” a spokesperson said in an email. “In the US and Canada, we were ahead of our hiring plans, so we temporarily hit pause on some teams while we ensure we’re being both effective and efficient in staffing against our strategic priorities.”
Despite the location-specific hiring pause, more than 1,200 roles are still open on Uber’s careers website, including 149 engineering roles.
News of the hiring freeze comes less than a month after Uber laid off 400 marketing roles in offices around the world. In an email to staff, CEO Dara Khosrowshahi said the culling was designed to trim excess from teams that had become bloated in the company’s first decade.
Last week, Uber reported second-quarter earnings that fell short of investor expectations, sending the stock plummeting as much as 8% Those steep losses extended into Monday, where the stock is a few cents shy of a new all-time low price near $US37.
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A previous version of this post misstated for how long hiring has been paused for some roles. The company has not said when hiring may resume.
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- Uber’s CEO says the company considered buying Caviar before DoorDash snapped up the competitor for $US410 million
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