Uber CEO Says Company Is ‘Recession Resistant,’ Sees No Job Cuts

Uber Technologies Inc. Chief Executive Officer Dara Khosrowshahi said the company is “recession resistant” and doesn’t see a need for job cuts, even as market volatility and the prospect of a global recession loom over technology companies.

“The signal on the street is things are really strong and the spend on services continues to be quite robust,” Khosrowshahi said during an interview Wednesday at the Bloomberg Technology Summit.

WATCH: Uber CEO Dara Khosrowshahi said the company is “recession resistant.”

Source: Bloomberg

The optimistic tone comes after Khosrowshahi told staff in May that the ride-hailing giant would “treat hiring as a privilege and be deliberate about when and where we add headcount.” Rival ...