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发帖数: 6201 | 1 股市里暂时靠mm吊着命
https://www.wsj.com/articles/uber-cuts-more-than-400-technical-jobs-
11568144111
Uber Technologies Inc. UBER 3.94% cut 435 technical employees in the company
’s latest downsizing as it faces market pressures to turn a profit and the
possibility of higher driver pay.
The company laid off 170 employees in the company’s product division and
265 engineering employees, or about 8% of those divisions’ combined
workforce, according to a statement from an Uber representative. Most of the
layoffs—about 85%—affect employees in the U.S., the company said,
although some overseas employees will also lose their jobs. Uber also lifted
a temporary hiring freeze affecting some teams in those two divisions.
The ride-hailing giant has more than 27,000 full-time employees around the
world, largely the result of the hypergrowth approach it used when it was a
startup.
“But at a certain point, bigger teams do not mean better results,” Chief
Executive Dara Khosrowshahi said in an internal memo about the layoffs seen
by The Wall Street Journal. “On the contrary, bigger often means slower:
slower decision-making, blurry lines of authority, and a tendency to say yes
to everything rather than doing the hard work of prioritization.”
The company laid off a third of its marketing department in July.
Uber shares, which climbed 3.9% on Tuesday, are trading about 26% below its
May initial-public-offering price.
“We are not doing this for Wall Street,” Mr. Khosrowshahi said in the memo
that was emailed to employees. “It’s critical we get our edge back and
continually push ourselves to do better.”
Last month, the company recorded its largest-ever quarterly loss as it faced
heavy competition in Latin America and elsewhere, as well as big expenses
related to its IPO and slowing growth in its core rides business, which it
continues to subsidize. Revenue at the ride-hailing company climbed 14% to $
3.17 billion in the second quarter, its smallest quarterly increase on
record.
However, Uber has told investors it expects losses to start narrowing.
Another threat to Uber’s bottom line is a California bill that would force
Uber and similar gig-economy companies to classify drivers as employees,
rather than independent contractors, upending their business modeland adding
costs of minimum wage and workers’ compensation.
The bill has passed the state assembly, but not the state senate, and
Democratic Gov. Gavin Newsom has said he would sign it. | g********0
发帖数: 6201 | 2 Uber Stock Is Barreling Toward Worthlessness Without a Turnaround Plan
https://finance.yahoo.com/news/uber-stock-barreling-toward-worthlessness-
104042801.html
What happens when a disrupter goes broke? We may be about to find out. Uber
(NASDAQ:UBER), which redefined the global taxi business as a private company
, has lost nearly one-third its value since going public. Uber stock is not
coming back soon.
Uber lost $5.24 billion, $4.71 per share, on revenue of $3.17 billion for
the quarter that ended in June. Analysts expect the ride-sharing technology
company to lose another 83 cents per share, over $920 million, for the
September quarter, on revenue of $3.74 billion.
The balance sheet in June showed Uber with cash of $11.88 billion. In theory
that’s enough to survive for almost three years, if the cash burn can be
held down to expected levels.
But can it? Investors are starting to bet it can’t.
A Closer Look at Uber Stock
Of roughly seven million shares per day currently traded in Uber 33%, are
being sold short. By way of comparison, the comparable figure for Tesla (
NASDAQ:TSLA), long one of the most popular shorts on the market, is 12%.
Short interest can hold a stock’s price up because shorts are borrowing the
shares they’ve sold and must at some point buy them back. Almost any sign
of good news, even the absence of bad news, can trigger a “short squeeze.”
The stock price rises and the loans used to sell shares get called in.
An upside surprise next month could cause a dramatic jump in Uber’s stock
price. But if you’re betting on that the odds don’t look good right now.
Driver Liabilities and Uber Stock
Uber profit depends on either paying drivers less or getting more from
riders and neither seems likely.
Uber faces competition with Lyft (NASDAQ:LYFT) against any price rise.
Customers have learned to organize and arbitrage the services against one
another.
The California legislature, meanwhile, is fighting to raise Uber’s driving
costs. AB5 would reclassify drivers in that state from contractors to
employees. It could be signed as early as this week.
Uber wants to be exempt. It promises an initiative campaign against the law
if it’s not. But an initiative can’t happen until next year. Drivers are
still classed as contractors under federal labor law but are working in
other large markets, like New York and Chicago, for better conditions.
Labor peace isn’t around the corner.
Old-World Problems and Uber Stock
Uber is fighting its problems in a 19th century way.
It already has a program to help drivers get cars, and is now interested in
offering them payday loans, as Walmart (NYSE:WMT) already does. Existing
payday lenders already target drivers, especially when their cars need
repair.
The difference is that Walmart is loaning money to employees. Uber’s loans
would be going to contractors. Critics say this could make Uber drivers into
indentured servants, digital sharecroppers forced to keep working to get
out of debt with interest they can’t pay back.
On top of this comes a book from New York Times reporter Mike Isaac charging
that Uber’s corporate culture doomed it to failure.
Super Pumped claims Uber’s “safe rides fee” delivered nothing but cash
into the company’s pocket. Isaac says Uber routinely puts female drivers in
danger and covers up sexual abuse by executives.
The Bottom Line on Uber Stock
CEO Dara Khosrowshahi, who joined from Expedia (NASDAQ:EXPE) two years ago,
has been unable to lift Uber’s reputation so far.
Uber’s problems may help investors obtain better pricing on coming IPOs
like WeWork and Peloton. Funds that specialize in newly-public companies
have big winners like Spotify (NASDAQ:SPOT), Roku (NASDAQ:ROKU) and Beyond
Meat (NASDAQ:BYND) to cover up Uber’s pain. They seem resigned to a loss on
Uber. | w*****e
发帖数: 931 | 3 不错，一个马公工资可以养好几个司机了
company
the
the
【在 g********0 的大作中提到】
: 股市里暂时靠mm吊着命
: https://www.wsj.com/articles/uber-cuts-more-than-400-technical-jobs-
: 11568144111
: Uber Technologies Inc. UBER 3.94% cut 435 technical employees in the company
: ’s latest downsizing as it faces market pressures to turn a profit and the
: possibility of higher driver pay.
: The company laid off 170 employees in the company’s product division and
: 265 engineering employees, or about 8% of those divisions’ combined
: workforce, according to a statement from an Uber representative. Most of the
: layoffs—about 85%—affect employees in the U.S., the company said,
| g********0
发帖数: 6201 | 4 California Bill Makes App-Based Companies Treat Workers as Employees
https://www.nytimes.com/2019/09/11/technology/california-gig-economy-bill.
html
By Kate Conger and Noam Scheiber
Sept. 11, 2019
Updated 9:39 a.m. ET
438
SACRAMENTO — California legislators approved a landmark bill on Tuesday
that requires companies like Uber and Lyft to treat contract workers as
employees, a move that could reshape the gig economy and that adds fuel to a
yearslong debate over whether the nature of work has become too insecure.
The bill passed in a 29 to 11 vote in the State Senate and will apply to app
-based companies, despite their efforts to negotiate an exemption.
California’s governor, Gavin Newsom, endorsed the bill this month and is
expected to sign it after it goes through the State Assembly, in what is
expected to be a formality. Under the measure, which would go into effect
Jan. 1, workers must be designated as employees instead of contractors if a
company exerts control over how they perform their tasks or if their work is
part of a company’s regular business.
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