``The cost-cutting effort is a sea change for a company that didn't care how many billions of investor money it blew on whatever misguided efforts it undertook. Cutting extravaganzas is easy to do. But cutting operationally integrated programs, such as Xchange Leasing, has consequences. It will save a lot of money. But it will also cut into the muscle. What are these underpaid drivers going to drive? Old beaters that look just like the taxis Uber is competing with? Or will Uber have to pay its drivers more so that they can drive newer cars that riders have come to appreciate? Will it even be able to recruit drivers with decent cars?''

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