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Uber is reforming to finally make money

2020-09-08T18:15:14.783Z


DECRYPTION - After having laid off a quarter of its workforce, the king of the VTC slowed down diversifications without a future.


Promised sworn, Uber will be profitable in 2021. Pandemic obliges, no one reproaches its CEO, Dara Khosrowshahi, for having postponed by one year the objective of making money, initially planned this year.

But the health crisis, which has slowed down activity, reinforces doubts about the ability of the king of the VTC to climb into the green.

In the second quarter, he lost another $ 1.8 billion.

"In France, we carry out 70% of our VTC activity last year at the same time",

recognizes Laureline Seryes, general manager of Uber France.

Read also:

Status of independent drivers: Uber and Lyft get a reprieve in California

To take up the gamble on profitability, Uber is not going four ways.

"We are taking actions to come out of the crisis stronger",

specified in May its chief financial officer, Nelson Chai.

In the spring, the group cut its workforce, with 6,700 layoffs, or nearly one in four employees dismissed.

In addition, Uber has taken a strategic turn: it has slowed down diversifications without a future.

Exit Jump, its electric bicycle subsidiary

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Source: lefigaro

All business articles on 2020-09-08

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