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Uber To Cut 23 Percent Of Its Workforce
Video Credit: Wochit News
Published on May 19, 2020 - Duration: 00:32s
Uber To Cut 23 Percent Of Its Workforce
Uber Technologies Inc plans to focus on its core businesses in ride-hailing and food delivery.
According to Reuters, the company cut 23 percent of its workforce to try and become more profitable.
Chief Executive Officer Dara Khosrowshahi wrote an email to employees telling them the news.
Khosrowshahi said Uber will cut 6,700 jobs and will reduce investment in โnon-core projects.โ Shares for Uber were up 6.9 percent to $34.69 after the announcement.
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