Uber shares rise after CEO announces 10% workforce cut
Uber Technologies stock climbed after CEO Dara Khosrowshahi said the company will cut roughly 10% of its global staff, eliminating 3,300 positions as part of a restructuring.
By Mackenzie TatananniUber Technologies stock was climbing Wednesday after the ride hailing company said it was cutting roughly 10% of its global staff as part of a larger restructuring.In an email to Uber employees, CEO Dara Khosrowshahi framed the decision to slash 3,300 positions as part of a br…