I texted this to my son. He replied, “Oh, wow. I guess they’ll be cutting back on their $400,000/yr. senior engineer positions”.
“$400,000/yr. senior engineer positions”
They make ~ $180K/year and work like dogs. They are a glorified sweatshop. Most have to work north of 60 hours a week. Many are at 80 or more. That $400K number typically includes ‘phantom equity’ (which is mostly worthless for engineers right now). Burnout at that place is high ... very, very high.
The *only* reason this company is still alive is that lots of liberal idiots invested a LOT of money. They got millions from the likes of Hollywood trash and scummy political types like David Plouffe. In a sane world, they would have fallen apart a couple of years ago.
Some of their claims involving their autonomous vehicles were ridiculous. Unless you get all of your news from Wired Magazine (they hyped that place up like a pack of clueless, high school cheerleaders), you could see that they were full of crap back in 2015.
Your son should thank God that he doesn’t work there. I know some outstanding engineers there that bought all of their hype hook, line, and sinker. They’re completely burnt out yet are clinging onto hope that their options will be worth millions someday. No joke, they’ve aged 10-15 years in five. It’s sad.
There are PLENTY of $180K/year + equity jobs out there for people with skills. I’d avoid Uber like the plague.