Uber to cut approximately 3,700 jobs, CEO to waive base salary

Photo: Uber

updated

Reportedly, Uber is to cut approximately 3,700 full-time jobs. Simultaneously, its Chief Executive Officer Dara Khosrowshahi will waive his base salary for the rest of the year. According to Reuters, “the ride-hailing company expects to incur about $20 million in costs related to severance and related charges.”

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