Uber Cuts Jobs; Dell Raises Revenue Forecast | Stock Movers
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On this episode of Stock Movers: - Uber Technologies (UBER) is cutting about 3,300 roles, or 10% of its staff globally, in a massive restructuring aimed at reducing management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses. - Dell Technologies (DELL) shares gain after the company’s second-quarter results beat expectations and it raised its full-year revenue forecast, supported by strong AI-related demand for its servers. - PG&E (PCG) plans to defer about $2 billion of investments next year as part of a strategic review of its businesses, a move that comes after it said a proposed revamp of California’s wildfire response didn’t do enough to protect the company and its peers from the cost of such disasters. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: ht
Tags: California, Caroline Hepker, Computing, Dell Inc., Economy, Fire, Gas, Investing, Jobs, John Tucker, Markets, PG&E Corp., Paul Sweeney, Stock Movers, Transportation, Uber Technologies Inc., bill, cars, companies, earning
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