Uber, losing billions, freezes engineering hires
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Summary
The freeze does not apply to Uber's autonomous vehicle and freight shipping divisions.The news comes a day after Uber reported second quarter operating losses of $5.4 billion—a new record for the company. But CEO Dara Khosrowshahi will face pressure from Wall Street to stem Uber's losses much sooner than that.You must login or create an account to comment.Join the Ars Orbital Transmission mailing list to get weekly updates delivered to your inbox.
As said here by Timothy B. Lee