A look at the fast declining morale at Uber amid budget cuts for basic amenities, mass layoffs, and a 30% decline in stock price since its IPO
Uber's CEO told staff: “We need to ship more quickly and operate more effectively and efficiently than we are today.” Tweets: @carnage4life , @hipster_trader , @mikeisaac , @faizsays , @thestalwart , and @carlquintanilla Tweets: Dare Obasanjo / @carnage4life : Uber execs have announced • relying less on user research & more on experimentation for new features • focus on fewer projects with more business impact Both worrying moves. Attempting to incrementally execute out of low margins vs innovating is unwise https://www.washingtonpost.com/ ... Hipster / @hipster_trader : Poor Uber employees are stuck drinking Starbucks coffee now rather than Stumptown coffee “Starbucks showed up in coffee dispensers, and craft coffee from Stumptown, a roaster based in Portland, Ore., went away.” https://www.washingtonpost.com/ ... Rat King / @mikeisaac : i live for details like “uber employees are upset that the free coffee at work has been switched from stumptown to Starbucks” https://www.washingtonpost.com/ ... https://twitter.com/... Faiz Siddiqui / @faizsays : NEW from me: Inside an increasingly corporate Uber: Fewer engineers, less of a research focus, coffee from ........ Starbucks. “We're turning [into] an operations company — not a product/tech company.” https://www.washingtonpost.com/ ... Joe Weisenthal / @thestalwart : You gotta wonder how many businesses will get hit from a retrenchment in post-crisis startup culture... “Starbucks showed up in coffee dispensers, and craft coffee from Stumptown, a roaster based in Portland, Ore., went away.” https://twitter.com/... Carl Quintanilla / @carlquintanilla : With $UBER down 30% since IPO, “employees say they've noticed cuts to amenities as basic as the brands of coffee available for brewing ..” https://www.washingtonpost.com/ ...