400 Employees Dismissed From Uber’s Marketing Team

Date:

Move Comes in as a Response to Slow Growth.

The transportation network company, Uber, has dismissed 400 employees working in its marketing department on 28 Jul, Monday. The move has come about as the company copes with issues regarding slow growth rates and internal disharmony and dissatisfaction in the marketing team.

Uber did not respond to the queries of the media. However, Uber CEO Dara Khosrowshahi wrote in an internal email that the company needs to address its slowing growth. The reduction in marketing team numbers is seen as one such step towards this issue.

The layoffs will be witnessed across the San Francisco based company’s global offices, which will cut the marketing team’s workforce from 1200 to 800. According to an SEC filing in June, Uber employs 24,494 employees globally. The dismissals will trim Uber’s workforce headcount by 1.6%.

The layoffs follow the stepping down of Uber’s chief marketing officer Rebecca Messina as she abdicated the previous post month as the company combined its public relations, policy, and marketing teams under the supervision of the senior vice president of communications and public policy Jill Hazelbaker.

In the internal email to employees kicking in the layoffs, CEO Dara Khosrowshahi said that slow growth is quite natural and it “happens naturally” as companies expand and get larger, but it’s still an issue which the company needs to solve as fast as it can.

Uber’s marketing department head addressed the issue of dissatisfaction among marketing team members. In another internal email, she wrote that she has “consistently heard that we have too many people with overlapping mandates” and also that there’s “deep dissatisfaction within the team,” more often than any other significant department in the company.

As a consequence of Uber’s internal decisions, its shares saw a dip of 1.4% on Monday. The dismissals are hoped to speed up the lingering growth rates.

Cited Article Sources:

https://www.latimes.com/business/technology/story/2019-07-29/uber-layoffs-marketing-jill-hazelbaker

https://d18rn0p25nwr6d.cloudfront.net/CIK-0001543151/daf455c2-1b30-4b98-869a-763fe0bfad02.pdf

https://www.bloomberg.com/news/articles/2019-07-29/uber-to-cut-about-400-employees-in-marketing-group?srnd=technology-vp

Kaitlyn Fullmer
Kaitlyn Fullmer
Kaitlyn Fullmer was born March 27, 1990, is an associate degree, American journalist. she's wide attributable with pioneering the trendy, consumer-focused, technology review and statement. She was the principal technology editorialist for The Wall Street Journal. She conjointly co-founded AllThingsD, rearranged it and therefore the D and Code Conferences. Kaitlyn was govt Editor of The Verge and Editor-at-Large of rearranging, internet sites owned by voice Media. Kaitlyn wrote a weekly column for each and conjointly had a weekly podcast, Ctrl-alt-Delete. Kaitlyn was conjointly co-executive producer of the annual Code Conference. Email: kaitlyn@topdailyplanner.com

Most recent articles
Related

Must Ask Before Selecting Any Corporate Secretarial Service

Any time you incorporate a company in Singapore, you need to hire a corporate secretary within six months from...

Matte vs. Glossy Lipstick: What You Need to Know

Lipstick remains to be a vital beauty product that defines your makeup look. Whether you’re into a bold, long-lasting...

The Benefits and Strategies of 1on1 Internet Marketing

In today's hyper-competitive online landscape, businesses are constantly seeking strategies to stand out and connect with their target audience...

How to Find a Top Lead Generation Agency in Singapore

Finding the right lead generation agency to partner with in Singapore can be a difficult process. And this doesn’t...

Selecting the Right Nutritionist in New York City

Maintaining a well-balanced diet and a healthy lifestyle can be challenging, especially in a fast-paced urban environment like New...

Top Reasons Consider Hiring Professional Catalogue Printing Services

Are you planning to use in-house catalogue printing for your company over professional printing services? If so, then you...