Uber lays off 400 employees from marketing team

Uber logo.jpg
Uber’s logo is displayed on a mobile phone.

Ride-hailing company Uber Technologies Inc said on Monday it laid off 400 people globally from its marketing team.

As of December 31, Uber had 22,263 employees, with 1,951 employees in sales and marketing team, according to the company’s filing bit.ly/2Z5Lafi.

Uber debuted on the New York Stock Exchange on May 10 at an IPO price of $45. The stock is currently trading nearly 2% below the IPO price.

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