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Uber lays off 400 employees in marketing team

File photo. Photograph:( Reuters )

Reuters Bengaluru Jul 30, 2019, 09.36 AM (IST)

Ride-hailing company Uber Technologies Inc said on Monday it laid off 400 people globally from its marketing team.

As of December 31, Uber had 22,263 employees, with 1,951 employees in sales and marketing team, according to the company's filing 

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.

The $75 billion platform connects drivers and passengers in 100 European cities.

Hamburg is the sixth German city in which Uber Technologies Inc has rolled out its full range of services, following a pledge last year by CEO Dara Khosrowshahi to make a fresh in Europe's largest economy and seek responsible growth.

Hamburg is the sixth German city in which Uber Technologies Inc has rolled out its full range of services, following a pledge last year by CEO Dara Khosrowshahi to make a fresh in Europe's largest economy and seek responsible growth.

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As of December 31, Uber had 22,263 employees, with 1,951 employees in sales and marketing team, according to the company's filing