Uber Lays Off 350 Employees Across Multiple Divisions

The statue of Fearless Girl stands in front of the New York Stock Exchange before Uber, the world’s largest ride-hailing service, holds its initial public offering, Friday, May 10, 2019. (AP Photo/Mark Lennihan)

Uber has laid off about 350 employees across several teams within the organization, including Uber Eats, the company confirmed Monday. Shares of Uber climbed 3.2% following the news.

Uber CEO Dara Khosrowshahi announced the layoffs in a company-wide email.

“Days like today are tough for us all, and the [executive leadership team] and I will do everything we can to make certain that we won’t need or have another day like this ahead of us,” Khosrowshahi wrote.

Other teams affected by the announcement include Uber’s performance marketing segment, recruiting, its advanced technologies group and safety units, as well as several of its global rides and platform units. The layoffs amount to roughly 1.5% of Uber’s workforce, which spans 22,263 employees, according to FactSet. Uber reported that it had 26,799 employees as of June 30, 2019, but hasn’t disclosed an employee headcount since then.

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SOURCE: CNBC, Annie Palmer and Deirdre Bosa

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