Skip to content
Subscriber Only

Uber to Cut About 400 Employees, Citing ‘Mediocre Results’

  • Staff reductions are concentrated in marketing division
  • “I’m here to win a race that really, really matters,” CEO says
Bloomberg business news
Why Uber Is Cutting About 400 Employees
Updated on

Uber Technologies Inc. said it’s cutting a third of its marketing department globally, as the chief executive officer seeks to address concerns that the business is slowing down.

The ride-hailing company will dismiss about 400 employees. Dara Khosrowshahi, the CEO, told employees of the changes in an email Monday.