Seems like a lot of cuts that needed to happen even without Covid. Common refrain for these companies is why does Company X need Y thousands of employees for a single app/website. For Uber I guess we are going to find out how much they were really needed.
Yes, pandemic is going to force companies to take action that was necessary anyway. Uber's businesses, all of them, everywhere, are garbage. There is no sense, no matter how narrow or convoluted, in which Uber has been profitable. Spare me the discussion of how their empanada delivery business in Jakarta is very healthy. Just spare me. When I was a professional investor, whenever management told me that they had a really profitable business in Uruguay or Crete or wherever I would run, RUN back to my desk and short their stock. "Big in Japan" is not. Anyway the point is Uber is the most-fucked company that ever was. They will never expand into their new Mission Bay HQ. At best, they will retreat into it, abandoning their other real estate in a continuation of the process that began when they bailed out of Oakland. This has been a long time coming for Uber and Covid-19 merely gives them the cover to do what's needed.
uber is not available in jakarta, only grab & gojek
That makes sense. The earlier employee definitely made off like bandits.