Uber will slash spending on marketing and incentives and treat hiring as a "privilege," CEO Dara Khosrowshahi said in an email to staff on Sunday.
"It's clear that the market is experiencing a seismic shift and we need to react accordingly," Khosrowshahi said.
Uber will now focus on achieving profitability on a free cash flow basis rather than adjusted EBITDA, he added.
[link to article ]( https://www.google.com/amp/s/www.cnbc.com/amp/2022/05/09/uber-to-cut-down-on-costs-treat-hiring-as-a-privilege-ceo-email.html)
