Uber CEO tells staff hiring is now a ‘privilege’ and warns he’s getting ‘hard-core’ on costs

In a letter to employees first published by CNBC, chief executive Dara Khosrowshahi said Uber needs to react to a “seismic shift” in markets.  “While investors don’t run the company, they do own the company—and they’ve entrusted us wit h running it well,” he said in the note...