Uber CEO's 70% Cost-Cut Strategy Just Made Drivers Optional
Key Points
- Uber is replacing human drivers with autonomous vehicles to ...
Uber just figured out how to fire 70% of its costs without actually firing anyone - they're just making human drivers obsolete. After celebrating two consecutive profitable years (who's counting, right?), the ride-hailing giant is doubling down on a strategy that would make any CFO weep tears of joy: replacing expensive humans with cheap robots.
From Uber-Ambitious to Uber-Smart
Remember when Uber thought it could build its own self-driving cars? That dream crashed harder than a drunk college student trying to parallel park. The company quickly realized that burning through cash to devel...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.