FILE PHOTO: Uber CEO Dara Khosrowshahi gestures as he speaks during a conference with the Economic Club of New York City in New York City City, New York City, U.S., December 4,2019 REUTERS/Andrew Kelly
( Reuters) – Uber Technologies Inc’s financial services head Peter Hazlehurst is stepping down as the company focuses on trips and food delivery, and ices prepares to become a financial services business, Bloomberg News reported, pointing out an email to staff.
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Chief Executive Officer Dara Khosrowshahi stated in the e-mail that Uber will “deprioritize” several of its finance-related tasks, which consisted of charge card, a digital wallet and immediate payments for drivers, the report on Thursday included.
Last month, Uber cut here23%of its labor force and stated it will concentrate on its core organisations and planned to decrease financial investment in several “non-core projects” to weather the effect of the pandemic on its service.
Reporting by Ayanti Bera in Bengaluru; Editing by Shinjini Ganguli
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