Uber layoffs

Uber is putting the brakes on the jobs of 400 of its employees. The ride-sharing company has laid off about a-third of its global marketing team. The move follows a leadership shake-up last month when the company decided to combine its marketing, communications and policy teams. It’s also part of an effort for Uber to find a way to turn a profit. Uber says its persistent losses are due to its costly promotions to attract riders and drivers. Those promotions are done by its marketing team.