Uber lays off 400 employees in marketing team

Uber lays off 400 employees in marketing team

Ride-hailing company Uber Technologies Inc said on Monday it laid off 400 people globally from its marketing team.

A screen displays the company logo and the trading information for Uber Technologies Inc. after the
FILE PHOTO: A screen displays the company logo and the trading information for Uber Technologies Inc. after the closing bell on the day of it's IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid

REUTERS: Ride-hailing company Uber Technologies Inc said on Monday it laid off 400 people globally from its marketing team.

As of Dec. 31, Uber had 22,263 employees, with 1,951 employees in sales and marketing team, according to the company's filing https://bit.ly/2Z5Lafi.

Uber debuted on the New York Stock Exchange on May 10 at an IPO price of US$45. The stock is currently trading nearly 2per cent below the IPO price.

(Reporting by Vibhuti Sharma in Bengaluru; Editing by Shinjini Ganguli)

Source: Reuters

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