Ex-Uber employees are being surprised by big tax bills. They blame the ride-hailing company.
When software engineer Peter Moody went to work in 2015 at Uber, then one of the hottest companies to work for, he took a deal common at tech startups: a lower salary but the promise of stock. It didn’t turn out quite as he expected. Not only has Uber’s stock dropped in the past year — a normal possibility, especially during a recession — but in the past few months, Moody and others who have worked at Uber said they’ve also been hit by huge tax bills, which in some cases may have wiped out the promised reward that led them to go to work there in the first place.