Uber CEO Promises Lower Ride Prices Following Layoffs

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

Uber riders can expect lower prices due to savings from layoffs and insurance costs, CEO Dara Khosrowshahi said. Chip Somodevilla/Getty Images Uber 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. Uber cut about 10% of its corporate roles, or about 3,300 people, last week. Lower ride prices could be coming to Uber after the company's recent layoffs. CEO Dara Khos...