Uber Technologies Inc. is cutting about 350 jobs, or about 1% of its workforce, in its latest round of layoffs as it faces market pressure to slash losses and assure investors it can turn a profit.
The ride-hailing company said Monday the cuts would hit its food-delivery service Uber Eats and autonomous-driving unit, among other divisions. The move marks a third round of layoffs for Uber, following cuts of more than 800 workers from its product, engineering and marketing divisions this year.
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