Uber's cost cuts and layoffs have yielded its first operating profit ever

Uber posted its first operating profit ever in the second quarter, signaling a win for a company that has long been dawdling on the path to profitability. The second-quarter results were driven by continued demand for ride-hailing and delivery services but also by cost discipline, Dara Khosrowshahi, Uber’s CEO, said in a statement. Monthly active users have surpassed pre-pandemic levels, and demand for deliveries remained strong despite the reopening of restaurants.