Uber closing office in downtown Los Angeles

The jobs from the office being closed will be shifted to a customer support office of Uber in Manila, the LA Times reported, citing sources and a recording of comments from an Uber manager. Earlier this month, Uber, which is backed by Japanese technology investment giant SoftBank Group Corp , moved forward by a year its target to achieve a measure of profitability to the fourth quarter of 2020, but added it still expects to lose a total of more than $1 billion this year. …read more

Source:: Yahoo Finance

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