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Uber’s CEO Says Company Is ‘Recession Resistant,’ Sees No Job Cuts

  • Dara Khosrowshahi speaks at Bloomberg Technology Summit
  • CEO says driver supply increased 78% in May from year ago
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WATCH: Uber CEO Dara Khosrowshahi said the company is “recession resistant.”Source: Bloomberg

Uber Technologies Inc. Chief Executive Officer Dara Khosrowshahi said the company is “recession resistant” and doesn’t see a need for job cuts, even as market volatility and the prospect of a global recession loom over technology companies.

“The signal on the street is things are really strong and the spend on services continues to be quite robust,” Khosrowshahi said during an interview Wednesday at the Bloomberg Technology Summit.