While it didn’t have Alphabet’s cash pile or profitability, Uber’s R&D engine groomed itself in the image of other tech giants. It made starry bets on flying taxis and autonomous driving. It wanted to be the Amazon of transportation, moving rapidly into freight.
In the middle of a global lockdown that has decimated its central ride-sharing business, Uber is jettisoning just about everything except its rides and deliveries lines, per my colleague, Danielle Abril.
On Monday, Uber announced plans to lay off another 3,000 employees while closing or consolidating 40 offices, adding to some 3,700 layoffs that came earlier this
Read more Source: fortune.com