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Briefing
uber/lyft

Uber Cuts Global Marketing Team by Almost a Third

By
Ross Matican
· · Source: The New York Times

Uber laid off 400 employees on its marketing team as it looks to cut costs in the wake of its lackluster IPO, according to a report in the New York Times.  The layoffs will shrink Uber’s marketing division by nearly one-third. Uber’s post-IPO trajectory has been shaky: Its stock is trading below the IPO price, where it has languished for most of the company’s existence as a public company.  ...

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