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FW: Digital brokerage Uber Freight slashes jobs

AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS

AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS

CUTS CUTS
By

FREIGHTWAVES reports that Uber Freight decided to cut a number of jobs in order to align its mission with a “commitment to drive sustainable growth”.

It adds:

“A source familiar with the layoffs said between 40 and 50 jobs were cut Monday. However, Chicago-based Uber Freight (NYSE: UBER) declined to disclose the exact number of employees affected or the percentage of the company’s workforce that was part of the layoffs.

“We made a strategic workforce adjustment aligned with our continued commitment to drive sustainable growth. Regrettably, this means a small reduction in force,” an Uber spokesperson said in a statement to FreightWaves. “This decision, not made lightly, optimizes the team to enhance operational efficiency and long-term success.”

The full post is here.

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