May 6, 2020 / 1:16 PM / a month ago

Uber to cut 3,700 full-time jobs; CEO to waive base salary

May 6 (Reuters) - Uber Technologies Inc said on Wednesday it will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will waive his base salary for the remainder of the year.

The ride-hailing company expects to incur about $20 million in costs related to severance and related charges. (Reporting by Supantha Mukherjee in Bengaluru; Editing by Ramakrishnan M.)

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