Web: https://www.theverge.com/2022/5/9/23063499/uber-ceo-slash-costs-hiring-slowdown-ride-hailing-profit

May 9, 2022, 3:03 p.m. | Andrew J. Hawkins

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Uber CEO Dara Khosrowshahi vowed to rein in costs at the ride-hailing company in the face of a “seismic shift” in the financial market, according to a memo sent to employees that was first reported by CNBC.

The effort to reduce spending is in response to the dramatic upheaval in the labor market that has Uber scrambling to find drivers to meet growing demand. Khosrowshahi said that, moving forward, the company will …

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