Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Uber Cuts 23% of People Division as New President Takes Charge
Business & Finance

Uber Cuts 23% of People Division as New President Takes Charge

Uber Cuts 23% of People Division as New President Takes Charge
Bloomberg Technology Wednesday 03 June 2026, 14:00 UTC By Natalie Lung 1 min read
Key Points

Uber headquarters in San Francisco, California, US, on Tuesday, July 23, 2024. Uber Technologies Inc. is scheduled to release earnings figures on August 6.

Uber headquarters in San Francisco, California, US, on Tuesday, July 23, 2024. Uber Technologies Inc. is scheduled to release earnings figures on August 6.
People Division (ORG) San Francisco (LOCATION) California (LOCATION) US (LOCATION) Uber Technologies Inc. (ORG)
Originally published by Bloomberg Technology Read original →

Related Stories

Wall Street counts down to SpaceX IPO

Wall Street counts down to SpaceX IPO To display this content from YouTube, you must enable advertisement tracking and audience measurement. One of your browser extensions seems to be blocking the video player from loading. To watch this content, you may need to disable it on this site.

France 24 19m ago

Oracle’s stock slides after earnings, as the steep price of AI spooks investors

Oracle blew past earnings expectations and grew its contract pipeline to $638 billion, but Wall Street is concerned about its rising AI costs.

MarketWatch 20m ago

Rollins Defends Screwworm Response as USDA Staff Cuts Draw Fire

Bloomberg Markets 24m ago

Oracle beats on earnings, but stock drops on plans to raise another $20 billion

Oracle reported better-than-expected earnings and revenue for the fiscal fourth quarter on Wednesday while also raising its profit forecast for the year. The stock dropped 5% in extended trading as the company plans to raise more money to finance its AI buildout. Here's how the company did in comparison with LSEG consensus: - Earnings per share: $2.11 adjusted vs. $1.96 expected - Revenue: $19.18 billion vs. $19.10 billion expected Revenue increased 21% year over year in the quarter, which...

CNBC 25m ago