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  Business   Companies  30 Jul 2019  Uber lays off 400 employees in marketing team

Uber lays off 400 employees in marketing team

REUTERS
Published : Jul 30, 2019, 8:41 am IST
Updated : Jul 30, 2019, 8:41 am IST

As of December 31, Uber had 22,263 employees, with 1,951 employees in sales and marketing team.

The stock is currently trading nearly 2 per cent below the IPO price. (Photo: AP)
 The stock is currently trading nearly 2 per cent below the IPO price. (Photo: AP)

Ride-hailing company Uber Technologies Inc said on Monday it laid off 400 people globally from its marketing team.

As of December 31, Uber had 22,263 employees, with 1,951 employees in sales and marketing team, according to the company's filing.

 

Uber debuted on the New York Stock Exchange on May 10 at an IPO price of USD 45. The stock is currently trading nearly 2 per cent below the IPO price.

Tags: uber, layoff, jobs, employees, marketing team
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