Davos 2023-Uber Not Planning Any Company-wide Layoffs -CEO

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.

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(Reporting by Jeffrey Dastin; Editing by Alexander Smith)