SAN FRANCISCO — Uber said it laid off around 400 people from its marketing team on Monday, as the ride-hailing company tries to cut costs and streamline its operations after its initial public offering in May.
The cuts, which were also announced internally on Monday, are taking place in 75 Uber offices around the world, the company said. The marketing team had more than 1,200 people before the layoffs.
Since Uber went public in May, the company has faced questions about whether it can make money. Its I.P.O. was marred by doubts on Wall Street that Uber can pare back its steep losses and become profitable. At the end of May, Uber reported its slowest growth in years and a loss of more than $1 billion for the first quarter.
Since then, Dara Khosrowshahi, Uber’s chief executive, has moved to shake up the company. In June, he pushed out two members of his executive team: Barney Harford, the chief operating officer, and Rebecca Messina, the chief marketing officer. Ms. Messina’s role was eliminated and the marketing team was reorganized under Uber’s communications lead, Jill Hazelbaker.
Uber declined to comment further.
Follow Kate Conger on Twitter: @kateconger.
Interested in All Things Tech? Get the Bits newsletter for the latest from Silicon Valley. And sign up for the personal tech newsletter for advice and tips on the technology changing how you live.
Source: Read Full Article