Uber plans to cut up to 10% of its workforce, streamline management, and reduce remote roles to improve core business efficiency, a cost-focused move that signals pressure to manage overhead. In separate coverage, Jefferies is flagging margin concerns at Credo Technology post-earnings but still expects its growth trajectory to accelerate next year, keeping the outlook constructive despite near-term profitability worries.
Uber plans to cut up to 10% of its workforce, streamline management, and reduce remote roles to improve core business efficiency, a cost-focused move that signals pressure to manage overhead. In separate coverage, Jefferies is flagging margin concerns at Credo Technology post-earnings but still expects its growth trajectory to accelerate next year, keeping the outlook constructive despite near-term profitability worries.
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mildly negative
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