Uber to lay off 200 recruiting employees

(Reuters) – Uber Technologies said on Wednesday it was cutting 200 jobs in its recruiting division as part of plans to keep employee numbers steady throughout the year and streamline costs.

The cuts affect less than 1% of Uber’s 32,700 global employees and follow the ride-sharing company that laid off 150 employees in its freight services division earlier this year.

The latest cuts represent 35% of Uber’s hiring team, according to The Wall Street Journal, which first reported the development earlier today.

Uber cut its number of employees by 17% at the start of the pandemic in mid-2020 and has implemented smaller cuts than its main rival Lyft in recent months.

Lyft, under new CEO David Risher, laid off about 26% of its total workforce in April and about 700 employees late last year as it struggled to protect its margins in the race to win more market share of biggest rival Uber.

Uber said in May that it was on track to show profitable operating profit this year and that it was keeping its workforce stable after a sequential decline in the workforce in the March quarter.

(Reporting by Yuvraj Malik in Bengaluru; Editing by Devika Syamnath)

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