Uber Freight announced it has laid off between 40 and 50 employees of the transportation management business.

 

Uber Freight announced it has laid off between 40 and 50 employees of the transportation management business.  This constitutes the division's second round of layoffs for the year after letting go of 150 positions in January.  The news comes as Uber Freight went from $1M in EBITDA in the last two quarters of 2022 to -$23M in Q1 2023. "On the back of efficiency gains realized across the business and to ensure continued alignment between our cost structure and the current market realities, we are reducing the workforce in our Brokerage business across a small number of roles," wrote the company. Uber Freight acquired Transplace from TPG Capital for approximately $2.25B through an all-cash transaction in November 2021. NOTE: Inside.com founder and CEO Jason Calacanis is an investor in Uber.