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Uber CEO tells staff company will cut down on costs, treat hiring as a 'privilege'

Summary by Ground News

Uber Technologies Inc (UBER.N) will scale back hiring and reduce expenditure on its marketing and incentive activities, CNBC reported. The ride-hailing company becomes the latest to rein in costs to have a lean investment model. Facebook-owner Meta Platforms Inc said last week it would slow down the growth of its workforce.

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Financial Post

Uber to cut costs, slow down hiring, CEO tells staff

Uber Technologies Inc will scale back hiring and reduce expenditure on its marketing and incentive activities, according to a letter from Chief Executive Officer Dara Khosrowshahi seen by Reuters. Read More

3 years ago·Canada

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Business Standard

Uber Technologies to cut costs and slow down hiring, CEO tells staff

The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc

3 years ago·India

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News24

Uber to cut costs, slow down hiring, CEO tells staff

Uber Technologies will scale back hiring and reduce expenditure on its marketing and incentive activities, CNBC reported on Monday, citing a letter from Chief Executive Officer Dara Khosrowshahi.

3 years ago·South Africa

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The Hill

Uber cutting costs in response to ‘seismic shift,’ CEO tells staff

Uber is planning to cut back on costs and slow hiring in response to a “seismic shift” in the market, CEO Dara Khosrowshahi told employees in an email Sunday evening. “The average employee at Uber …

3 years ago·Washington, United States

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