Uber have announced that 400 of the company’s 1200 strong global marketing team have lost their jobs as part of a cost-cutting measure. The business currently has around 25000 employees across the world.
The announcement follows an executive shake-up last month that saw the departure of Rebecca Messina as the company’s chief marketing officer.
Uber has been under intense scrutiny in recent months following an unsuccessful IPO in May, and the subsequent $1bn operating loss.
In an email to employees on Monday, chief executive Dara Khosrowshahi stated: “Today, there’s a general sense that while we’ve grown fast, we’ve slowed down . . . Many of our teams are too big, which creates overlapping work, makes for unclear decision owners, and can lead to mediocre results. So, put simply, we need to get our edge back. Being fast wins.”