Uber not planning for any company-wide layoffs, says CEO Khosrowshahi

Uber’s chief executive officer Dara Khosrowshahi on Thursday confirmed that the company is not planning any company-wide layoffs. He said this at the World Economic Forum’s meeting in Davos.

Dara Khosrowshahi’s statement comes days after several IT companies decided to hand over pink slips to their employees. The year began with many layoffs which includes companies like Amazon, Microsoft, and others.

The rideshare and delivery company has worked to cut costs for months, early enough relative to others that a memo the CEO wrote on this tougher stance “landed a bit like a lead balloon initially,” Khosrowshahi said at a Wall Street Journal event on the sidelines of the World Economic Forum’s annual meeting, according to a Reuters report.