Davos 2023-Uber not planning any company-wide layoffs -CEO

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Updated: Jan 19, 2023, 08:36 GMT+00:00

DAVOS, Switzerland (Reuters) - Uber Chief Executive Dara Khosrowshahi said in Davos on Thursday that he was not currently planning any company-wide layoffs.

Uber CEO Dara Khosrowshahi looks on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City

DAVOS, Switzerland (Reuters) – Uber Chief Executive Dara Khosrowshahi said in Davos on Thursday that he was not currently planning any company-wide layoffs.

The rideshare and delivery company has worked to cut costs for months, early enough relative to others that a memo the CEO wrote on this tougher stance “landed a bit like a lead balloon initially,” Khosrowshahi said at a Wall Street Journal event on the sidelines of the World Economic Forum’s annual meeting.

(Reporting by Jeffrey Dastin; Editing by Alexander Smith)

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