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

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.”

Written by Richardine Bartee

Her unprejudiced love for people, the arts, and business have taken her this far. Join Richardine on her journey as she writes history into existence, one article at a time. Richardine is a member of the Recording Academy/GRAMMYs, and a GRAMMY U Mentor. She is part of the Complex Day Ones, an exclusive community to help make the Complex experiences even better.