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uber/lyft

Uber CEO Says Layoff Decision to Be Announced Within Two Weeks

Uber CEO Dara Khosrowshahi told staff on Tuesday to expect a decision about layoffs in the next two weeks as the ride-hailing company struggles with depleted demand for its core business. “Hope is not a strategy,” he told employees. “We’re not going to avoid hard decisions.” Some employees took that to mean job cuts were inevitable. The comments came a week after The Information reported...

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