Uber fires 400 people in restructuring and Lyft sees a shake-up

Uber laid off one-third of its marketing team — or 400 employees — as the company restructures months after its disappointing initial public offering (IPO). Separately, its rival Lyft reportedly lost a key executive as both companies struggle to answer to investors who want to see a profit. Interested in Uber? Add Uber as an…

Uber fires 400 people in restructuring and Lyft sees a shake-up

Uber laid off one-third of its marketing team — or 400 employees — as the company restructures months after its disappointing initial public offering (IPO). Separately, its rival Lyft reportedly lost a key executive as both companies struggle to answer to investors who want to see a profit.

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Uber CEO Dara Khosrowshahi announced a new centralized structure for the company’s marketing team internally, including news of the layoffs on Monday, a company spokesperson said.

Globally, the company currently employe
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