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Reuters

Business

Uber lays off 400 employees in marketing team

FILE PHOTO: A screen displays the company logo for Uber Technologies Inc. on the day of it's IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo

(Reuters) - Ride-hailing company Uber Technologies Inc <UBER.N> said on Monday it laid off 400 people globally from its marketing team.

As of Dec. 31, Uber had 22,263 employees, with 1,951 employees in sales and marketing team, according to the company's filing https://bit.ly/2Z5Lafi.

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

(Reporting by Vibhuti Sharma in Bengaluru; Editing by Shinjini Ganguli)

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