Uber Freezes Hiring of U.S. Tech Staff, Seeks to Cut Costs
- The move follows painful second-quarter financial report
- Company cut 400 marketing employees last week in reshuffle
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Uber Technologies Inc. said it instituted a hiring freeze for employees working on software and services across the U.S. and Canada, as the ride-hailing company faces mounting losses.
An Uber spokesman said Friday that the San Francisco-based company has put a pause on hiring new software engineers and product managers. Those teams had exceeded their hiring goals for the year, he said. The freeze will not include workers in Uber’s freight or autonomous vehicles businesses.