Uber Freight cuts 150 jobs

Uber Freight cuts 150 jobs-Check out in detail

Uber Freight laid off 150 employees, or 3% of the unit’s total head count, according to a message viewed by CNBC.

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They are the first layoffs since 2020, in the early weeks of Covid lockdowns.

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[{"selector":"#anim-d92312b0-4211-48a6-90bd-6ffaea8af515 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-19.167870126739857%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Uber launched its freight unit in 2017 with a belief that trucking companies and laden goods could be matched using the same concept that underpinned the company’s ride-hailing technology. Arrow

The unit booked $1.8 billion in revenue for the third quarter of 2022, up 336% year over year.

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The cuts follow far deeper tech layoffs at Alphabet, Meta, Amazon, Microsoft and Twitter.

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