Lyft loses its COO and Uber fires 400 people from marketing team as both companies struggle to answer to investors who want to see a profit.
Uber laid off one-third of its marketing team — or 400 employees — as the company restructures months after its disappointing initial public offering . Separately, its rival Lyft reportedly lost a key executive as both companies struggle to answer to investors who want to see a profit.
Globally, the company currently employees about 25,000 people. Uber, as well as Lyft, does not consider drivers to be employees and they are not included in these numbers.
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