Uber to Cut About 400 Employees, Citing Mediocre Results

Uber said it’s cutting a third of its marketing department globally, as the CEO seeks to address concerns that the business is slowing down, according to Bloomberg. The ride-hailing company will dismiss about 400 employees, Dara Khosrowshahi, the CEO, told employees of the changes in an email.

“Today, there’s a general sense that while we’ve grown fast, we’ve slowed down,“ Khosrowshahi wrote in the email reviewed by Bloomberg. “This happens naturally as companies get bigger, but it is something we need to address, and quickly.“

The staff reduction represents about 1.6% of Uber staff globally. It’s the first major reorganization of the marketing and communications arm since Jill Hazelbaker, a longtime executive, took control of the group last month. She succeeded Rebecca Messina, the former chief marketing officer who oversaw a team of about 1,200 during her nine-month tenure with the company.

“Many of our teams are too big, which creates overlapping work, makes for unclear decision owners, and can lead to mediocre results,“ Khosrowshahi wrote to staff. “I’m here to win a race that really, really matters.“