1. Associates & Employees

Uber CEO tells staff company will cut down on costs, treat hiring as a ‘privilege’

Written by Posted on Less than 0 min read

Uber will slash spending on marketing and incentives and treat hiring as a “privilege,” CEO Dara Khosrowshahi said in an email to staff on Sunday.

View Original Article
Member since
CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all platforms. https://www.cnbc.com
Do you like CNBC's articles? Follow on social!

More from CNBC

  1. Uncategorized

Why Americans are obsessed with peanut butter

​[[“value”:”Peanut butter is a $2 billion industry in the U.S. and it has been a mainstay in American pantries for more than 100 years.”]]  View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content […]
< 1 min read
0
  1. Channel: Club

Costco sold more than $100 million in gold bars last quarter

​[[“value”:”The 1-ounce bars typically sellout within a few hours after they are loaded onto Costco’s website. Customers are limited to two bars per Costco membership.”]]  View Original Article Costco CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and […]
< 1 min read
0
  1. Data & Insights

The Buffett test: This one chart shows how much every Club holding spends on stock buybacks

​   ​     View Original Article Data Visualization CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all platforms. https://www.cnbc.com Do you like CNBC's articles? Follow […]
< 1 min read
0
  1. Trends & External Forces

Amazon investigated by UK antitrust watchdog over its marketplace practices

The U.K.’s antitrust watchdog said it is probing Amazon over practices relating to its marketplace that “may be anti-competitive.” View Original Article International - UK Amazon Legal & Criminal Government CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage […]
< 1 min read
0
  1. Uncategorized

NCAA and ESPN ink 8-year, $920 million media rights deal

​[[“value”:”The agreement between the NCAA and ESPN has an annual value of $115 million, nearly triple that of the current deal.”]]  View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more […]
< 1 min read
0
  1. Channel: Mass

Walmart gives soft outlook for the year after posting strong holiday quarter

​ KEY POINTS Walmart topped holiday-quarter earnings expectations. The big-box retailer gave a weaker-than-expected outlook for the year ahead. Walmart’s CFO said shoppers are still buying fewer discretionary items, as grocery prices remain elevated. Walmart topped holiday quarter earnings expectations, as the discounter said it drew budget-conscious shoppers searching for food, gifts and household items at a lower […]
2 min read
0
5
  1. Corporate Finance

Cava stock pops after blunder leads to early earnings release

The Mediterranean chain topped Wall Street’s estimates for both its earnings and revenue. View Original Article Economy Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people […]
< 1 min read
0
  1. Channel: Restaurants

McDonald’s to raise royalty fees for new franchised restaurants for first time in nearly 30 years

​[[“value”:”McDonald’s franchise royalty fees for U.S. restaurants will rise from 4% to 5% for operators opening new locations.”]]  View Original Article Restaurants CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 […]
< 1 min read
0
  1. Department: Consumer Durables

Fashion brand Zara pulls ad accused of Gaza insensitivity, says it regrets ‘misunderstanding’

​[[“value”:”Zara said “The Jacket” campaign was conceived and shot in September and was intended to showcase “craftmade garments in an artistic context.””]]  View Original Article Dept. Apparel CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content […]
< 1 min read
0
  1. Department: Consumer Durables

Adidas won’t write off remaining Yeezy inventory, plans to sell ‘at least’ at cost

Adidas won’t write off the majority of its unsold Yeezy inventory after its breakup with Ye, the rapper formerly known as Kanye West, over antisemitism. View Original Article Operations & Supply Chain Dept. Apparel CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides […]
< 1 min read
0
  1. Agencies & Vendors

Peloton hires McKinsey to review cost structure; cycle maker may cut jobs, close stores

Peloton is working with the management consulting group McKinsey & Co. to review its cost structure and potentially eliminate jobs, CNBC has learned. View Original Article Consulting Brick and Mortar CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and […]
< 1 min read
0
  1. Partnerships & Alt Profit

Peloton shares sink on wider-than-expected loss, ‘bad news’ for paid subscriptions

​[[“value”:”Peloton has been working to boost its membership numbers through a series of partnerships and posted higher than expected revenue on Thursday.”]]  View Original Article Partnerships CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Domino’s earnings miss expectations as pizza chain cites tough labor market, higher costs

The ongoing shortage of delivery drivers hurt the chain’s sales again this quarter. View Original Article Associates Delivery Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million […]
< 1 min read
0
  1. Department: Consumer Durables

Nordstrom adds former Nike executive to board as activist battle continues

[[“value”:”Nordstrom has come under sharp scrutiny by investors, including activist Ryan Cohen.”]]  View Original Article Dept. Apparel Executives CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month […]
< 1 min read
0
  1. Merchandising

Kohl’s posts surprising holiday-quarter loss, offers weak sales outlook

​   ​     View Original Article Pricing & Promotions Holiday & Events CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all platforms. https://www.cnbc.com Do you […]
< 1 min read
0
  1. Shopper & Customer

Period care brands August, Rael and others form coalition to fight the ‘tampon tax,’ reimburse consumers

​[[“value”:”The initiative is the result of a new coalition of period care brands August, Cora, LOLA, The Honey Pot, Rael, Here We Flo, Saalt and DIVA.”]]  View Original Article Consumers CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage […]
< 1 min read
0
  1. Department: Consumer Durables

Lululemon has approached Hydrow about a possible sale of Mirror

[[“value”:”Lululemon acquired at-home fitness company Mirror for $500 million in 2020 but is now looking to sell the business.”]]  View Original Article Health & Wellness Dept. Apparel CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content […]
< 1 min read
0
  1. Channel: Restaurants

McDonald’s and Starbucks blame the Israel-Hamas war for slower sales — and the recovery might take a while

The Israel-Hamas war and related boycotts hurt Starbucks’ and McDonald’s sales in the latest quarter. View Original Article Restaurants CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per […]
< 1 min read
0
  1. Channel: Mass

Target shares plunge after retailer reports profit decline, warns of soft holiday quarter

Target saw sales decline as families contended with higher prices, a potential warning sign for the holiday shopping season. View Original Article Target Holiday & Events CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed […]
< 1 min read
0
  1. ESG

Recycling plastic can be a little confusing. Here’s what the numbers inside the recycling symbol mean

[[“value”:”Most plastic recycling is not processed in the U.S. Here’s what you need to know about the types of plastics and which ones will be made into something new.”]]  View Original Article Sustainability CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time […]
< 1 min read
0
Next