FILE PHOTO: An Uber office is shown in Redondo Beach, California, U.S., March 16, 2022. REUTERS/Mike Blake
(Reuters) - Uber Technologies Inc will scale back hiring and reduce expenditure on its marketing and incentive activities, according to a letter from Chief Executive Officer Dara Khosrowshahi seen by Reuters.
The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc said last week it would slow down the growth of its workforce.
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