Sunday, December 15, 2019

 


Uber’s chief product officer is latest executive to exit

NEW YORK — Another senior executive is leaving Uber as the company struggles to turn a profit.

A company spokesman says Chief Product Officer Manik Gupta is stepping down after four years with the company.

San Francisco-based Uber says Gupta was the driving force behind some of its most ambitious products, including Uber Rewards and the company’s push to offer more than just rides.

Uber lost its chief operating officer and chief marketing officer in June, less than a month after its rocky stock market debut.

It has laid off about 1,185 employees since the May initial public offering.

Gupta previously ran Uber’s maps and marketplace product teams. He says he plans to spend more time with family.

For now, all employees who reported to Gupta will report directly to CEO Dara Khosrowshahi.

© 2019 Market data provided and hosted by Barchart Market Data Solutions. Fundamental company data provided by Morningstar and Zacks Investment Research. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer.