Uber's CEO says you could see lower ride prices as a result of its layoffs

Source: Business Insider

Uber riders can expect lower prices due to savings from layoffs and insurance costs, CEO Dara Khosrowshahi said. Chip Somodevilla/Getty ImagesUber is using some of the money it saved from laying people off to cut ride prices. Uber will also use savings from lower insurance costs to reduce prices, CEO Dara Khosrowshahi said.

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