Ubers CTO steps down as company reportedly mulls 20 percent layoffs

Thuan Pham, Uber’s chief technology officer, is stepping down, the ride-hailing company said in a filing with the Securities and Exchange Commission Tuesday. Pham was the longest serving top executive at the company, having joined Uber in 2013.

The news of his departure was first reported by The Information, which also is reporting that executives at Uber are actively discussing a cost-cutting plan that could involve layoffs of up to 20 percent of the company’s employees. The layoffs haven’t been finalized, but could be announced in stages over several weeks, The Information added. If the company goes through with the plan, an estimated 5,400 employees could lose their jobs.

An Uber spokesperson declined to comment on the prospect of...

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