The Uber layoffs announced yesterday now seem to be strategically timed. If we a... | Hacker News

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		johnrob on Sept 11, 2019 \| parent \| context \| favorite \| on: California passes bill that classifies gig economy... The Uber layoffs announced yesterday now seem to be strategically timed. If we assume the standard 3 month severance offered by big companies, the layoffs would free up cash at the end of 2019 - right when they’d need it for the increase in CA drivers benefits.

gorbachev on Sept 11, 2019 [–]

They were already announced some time ago and are related to the catastrophic quarterly earnings for the last quarter.

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