Uber Fires Many Employees in its Marketing Department

This week Wall Street learned that Uber has let go of about one third of its marketing department in order to cut costs and make the company’s operations more efficient.

According to a New York Times report, Uber fired around 400 people in the department across its 75 offices around the world.

As of March 31st, the company had a headcount of 24,494 global employees and 1,200 made up the marketing department.

According to an internal email that was viewed by TechCrunch, on Monday that CEO Dara Khosrowshahi and the lead of marketing and public affairs, Jill Hazelbaker, told employees that the marketing team would have a more centralized structure.

Many of the company’s are “too big, which creates overlapping work, makes for unclear decision owners, and can lead to mediocre results,” Khosrowshahi said in the email. He also wrote, “As a company, we can do more to keep the bar high, and expect more of ourselves and each other.”

“Today, there’s a general sense that while we’ve grown fast, we’ve slowed down. You can see it in Pulse Survey feedback and All Hands questions, and you can feel it in much of our day-to-day work. This happens naturally as companies get bigger, but it is something we need to address, and quickly,” he added.

The company recently reported its first quarterly earnings as a publicly traded company. Revenue saw a growth of 20% and gross bookings rose 34%. Operations grew a whopping 116%.

Disclaimer: We have no position Uber Technologies Inc. (NYSE: UBER) and have not been compensated for this article.