When I heard about this layoff, the same thing probably went through your mind… “Uber is on the rocks!” The reality is that sometimes companies do some trimming, and this little trim was 1.5%. This may be the third round, but between the three it isn’t even 5%. Most companies consider 10% to be excess fat, trimmable at any point.

Uber has laid off about 350 employees across several teams within the organization. The layoffs amount to roughly 1.5% of Uber’s workforce, which spans 22,263 employees, according to FactSet. Uber reported that it had 26,799 employees as of June 30, 2019, but hasn’t disclosed an employee headcount since then.

Found at www.cnbc.com

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