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Barchart
Wajeeh Khan

Uber Stock Alert: What to Know As Uber Slashes People Team by 23%

San Francisco-headquartered Uber Technologies (UBER) is trimming about 23% of its People and Places division, the department responsible for human resources, recruitment, workplace facilities, and corporate culture initiatives.

The layoffs affect less than 1% of the company’s total global workforce of about 34,000 employees, with senior-level positions accounting for a disproportionately large share of the eliminated roles.

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