Uber is still bleeding cash, and that's unfortunately contributing to job cuts. The ridesharing firm has laid off 435 employees in its product and engineering groups, or about 8 percent of the two divisions. The company isn't shy about the reasoning. In a statement, Uber told TechCrunch that it hired in a "decentralized way" to keep up with its startup-era growth. Now, it wants to focus on "lean, exceptionally high-performing teams." It needs to recruit more strategically, to put it another way.