“Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC.” Via CNBC
“We will treat hiring as a privilege and be deliberate about when and where we add headcount,” he added. “We will be even more hardcore about costs across the board.” reads the email. Causing us to ask the simple question. What the hell was uber treating hiring as before. Was being hired by Uber, some right we all had?
Being hired or hiring someone is a transaction, time is sold for money, and various other factors on each side determine the prices. This is just so dumb.