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Sharing Economy Businesses Are Cutting Jobs Amid Pandemic

Apr.29 — Uber Technologies Inc. ‘s chief technology officer Thuan Pham stepped down Tuesday amid reports of possibel job cuts. Lyft, Inc. is letting go of 17% of its workforce, and cutting pay for remaining staff. Scooter-sharing startup Lime is cutting as many as 190 workers. Bloomberg’s Lizette Chapman reports on “Bloomberg Technology.”

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Apr.29 — Uber Technologies Inc. ‘s chief technology officer Thuan Pham stepped down Tuesday amid reports of possibel job cuts. Lyft, Inc. is letting go of 17% of its workforce, and cutting pay for remaining staff. Scooter-sharing startup Lime is cutting as many as 190 workers. Bloomberg’s Lizette Chapman reports on “Bloomberg Technology.”

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5 Comments

5 Comments

  1. alicia burney

    April 29, 2020 at 11:53 pm

    🤓‼️😾

  2. CaliforniaMISC

    April 30, 2020 at 12:14 am

    no more cheap or subsidized rides and less pay for drivers

  3. Joe Bloe

    April 30, 2020 at 12:14 am

    I feel so sorry for poor Emily Chang about loosing her job?

  4. Juan Ok

    April 30, 2020 at 12:22 am

    Who cares brrrrrr lol the economy is fake the fed is real

  5. Juan Ok

    April 30, 2020 at 12:25 am

    Lime and bird app are stupid companies $200 million to rent scooter to kids wtf

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Bloomberg Technology

Nvidia’s Magic Fades | Bloomberg Technology

Bloomberg’s Caroline Hyde discusses the latest sentiment around Nvidia as investors cool on the AI darling despite posting an earnings beat. And, the new Trump administration is said to be mulling a first-ever crypto policy role. Plus, Palo Alto Networks sees easier “fixes” ahead in cybersecurity as the world moves from hardware to software. ——–…

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Bloomberg’s Caroline Hyde discusses the latest sentiment around Nvidia as investors cool on the AI darling despite posting an earnings beat. And, the new Trump administration is said to be mulling a first-ever crypto policy role. Plus, Palo Alto Networks sees easier “fixes” ahead in cybersecurity as the world moves from hardware to software.
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Palo Alto CEO Says Regulations May Get Easier Under Trump

Nikesh Arora, CEO of Palo Alto Networks, says M&A could potentially move quicker under the new Trump administration as they take on a more deregulatory tone. He joins Caroline Hyde to discuss on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with…

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Nikesh Arora, CEO of Palo Alto Networks, says M&A could potentially move quicker under the new Trump administration as they take on a more deregulatory tone. He joins Caroline Hyde to discuss on “Bloomberg Technology.”
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JPM Rolls Out AI Assistant for Workers

JPMorgan Chase Chief Data and Analytics Officer Teresa Heitsenrether talks about how the company is using an artificial intelligence assistant called LLM Suite. She speaks to Bloomberg’s Caroline Hyde at the Evident AI Symposium in New York. ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg…

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JPMorgan Chase Chief Data and Analytics Officer Teresa Heitsenrether talks about how the company is using an artificial intelligence assistant called LLM Suite. She speaks to Bloomberg’s Caroline Hyde at the Evident AI Symposium in New York.
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