Uber to cut costs, slow down hiring to turn lean, CEO tells employees

Uber CEO Dara Khosrowshahi. Photographer: David Paul Morris/Bloomberg

Uber Technologies Inc 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.

The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc said last week it would slow down the growth of its workforce.

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