Investing.com - Uber is planning to close out its U.S. car-leasing business by the year’s end
The move is a bid to stem unsustainably high losses
Up to 500 jobs could be affected by the end of the Xchange Leasing program
That represents around 3% of Uber’s 15,000 staff
Investors have urged Uber to cut costs and prepare for a possible IPO
Uber is searching for a new CEO after Travis Kalanick was ousted in June
The firm is dealing with fallout from a crisis over its corporate culture
disputes with drivers & a lawsuit over trade secrets from Alphabet (NASDAQ:GOOGL)
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