This is why I like Reddit post, they just get the point concisely !
Who wants to invest the sinking company, no matter who it is, except for speculation/hype ?
So much for this being the âpeak investment yearâ
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Donât they have 14,000+ Employees? if 265 is 8% of engineering, that means a vast majority of employees arenât engineering. I thought they were a tech company?
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Probably large portions of their employees are around to lobby governments around the world.
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If TWLO loses UBERâs business, worthless too?
It already did a year ago.
â Since then it has slashed its staff of 27,000 by more than 3 percent.â
What on earth do all of these people do? Ride sharing will never generate enough gross profits to cover the expenses of that many employees. They are the complete opposite of Instagram and WhatsApp who build massively scalable tech with tiny teams. That sort of employee count with so little of it being engineering means they are an operations company not a tech company. That explains the terrible margins.
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They need to cut like 10,000.
Yes, they arenât moving fast enough to align the P&L to reality. Reality is they are a low gross margin business. They could align employee comp to that of a low margin company and give up on the lies. Companies with an 18% gross margin canât afford industry setting compensation packages. Then they wouldnât have to do layoffs. People would be running for the doors.
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Men tip 12 percent more if their driver is a woman, but the premium men pay to women behind the wheel shrinks as the women get older. By the time the drivers are age 65, it has virtually vanished.
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