Wells Fargo says Uber job cuts could unlock $580M savings
Wells Fargo said Uber’s reported workforce cut plans could meaningfully boost earnings next year, estimating about $580 million in annual cost savings as Uber bets on autonomous mobility.
Wells Fargo on Wednesday said that Uber’s (UBER) reported job cut plans could provide a meaningful boost to its earnings next year, as the ride-hailing giant bets big on its autonomous mobility business.The firm estimates the job cuts could generate about $580 million in annual cost savings.
Wells…