Layoffs Feared As Uber Shuts Down Leasing Unit

Posted on August 9, 2017
(Pexels.com Creative Commons image)

(Pexels.com Creative Commons image)

Uber employees are nervous about an expected round of layoffs, according to a source familiar with the company.

This after news broke that the company is considering shuttering its US car leasing business.The two-year old leasing program, founded under then CEO Travis Kalanick, is losing far more money than planned, reports the Wall Street Journal's Greg Bensinger.

Business Insider article here

Related Topics: leasing, TNCs, Uber, vehicle leasing

Comments ( 5 )
  • Ed Cabrera

     | about 3 years ago

    Listen Norm and everyone else that has no clue on this side of the business needs to read up and get informed with the facts of the limousine companies compared to companies such as uber and lyft. You are comparing apples to lemons, the limousine companies being the apples of course. Limousine companies provide a professional, reliable top notch service with professional chauffeurs not drivers, there's a difference in case you didn't know. When you procure a limousine company for services you are getting a professional driver dressed as such with professional service as opposed to an Uber or Lyft driver that shows up in shorts, sandals and a T-shirt. As everyone has witnessed the chauffeur will open the door for the client, put the luggage in the vehicle for the client and provide refreshments and snacks for the client tell me how many Uber and Lyft drivers you see providing this level of service? We have clients that will attest to the fact that they will never hire a service such as uber or lyft. I can go on and on about the level of service and the differences but I won't, we'll let time show is not if but when uber will close it's doors. If you know anything about business then you know that this is how the demise of a company starts by closing down programs that are not working, kind of like Sears, JC Penny's and companies alike that closed stores at first that didn't produce then shut down completely. These are just the facts ma'am, just the facts, ha!!!

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