SAN FRANCISCO (AP) — Uber is laying off 350 employees from its food delivery, autonomous vehicles, safety, insurance and other teams.
The move is the latest in a string of staff reductions at the ride-hailing giant since its ill-fated initial public offering.READ MORE: Update: Fawn Fire Near Redding Grows To 7,500 Acres Overnight; Firefighters Look To Cooler Weather
CEO Dara Khosrowshahi said in an email to employees Monday that it would be the last wave of the layoff process which began months ago.
Uber laid off 435 employees on its product and engineering teams in September. In July, 400 employees in the marketing department lost their jobs.READ MORE: Students Demand Climate Action In March Down San Francisco's Market Street - 'Need To Make An Immediate Change'
Khosrowshahi said everyone has to play a part in establishing a new normal, by identifying and eliminating duplicate work and taking actions when expectations aren’t being met.
Uber’s stock was up 4% in afternoon trading.MORE NEWS: Public Health Officials, NBA Bench Unvaccinated Warriors Star Andrew Wiggins For Chase Center Games
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