“No, we’re in a good place,” Khosrowshahi advised Bloomberg News after talking on the Economic Club of Chicago, responding to a query about whether or not the ride-hailing large will cut back headcount.
His feedback stood out amongst tech friends which have lower workers by the 1000’s. Uber’s rival Lyft mentioned final month it could cut back headcount by 13% and hive off its first-party car business. Food-delivery large DoorDash introduced it could lower 1,250 jobs to rein in bills.
Uber has averted widespread layoffs, although Khosrowshahi has mentioned the corporate is taking a extra conservative stance on hiring and different investments. That’s after a significant scale-back in 2020 when Uber dismissed greater than 6,000 staff, or a few quarter of the workforce on the time, on the top of the pandemic.
In November, Uber reported third-quarter income jumped 72% to $8.34 billion, which assuaged traders’ concern that rising inflation would deter clients from hailing a trip or ordering takeout.
“We’re seeing zero signs of weakness,” Khosrowshahi mentioned on the occasion. He added that Uber has been the beneficiary of a shift in client spending from retail to companies.
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Khosrowshahi was optimistic concerning the provide of drivers on the platform, regardless of a protracted scarcity that has raised fares and wait occasions, and mentioned that intervals of financial uncertainty usually spur individuals to hunt out facet hustles in ride-hailing or food-delivery. “Our driver base has increased substantially,” he mentioned.