Uber to cut 3,700 jobs as rides plummet due to lockdowns
CEO Dara Khosrowshahi forgoes salary for the year as ride-hailing platform also shuts 40% of its driver centres
06 May 2020 - 17:47
San Francisco — Uber Technologies will eliminate 3,700 jobs and permanently close 180 driver service centres, the first in a series of cost-cutting measures to be announced in the next two weeks as a response to the coronavirus pandemic.
The reductions will affect 14% of staff around the world, mainly those in support and recruiting, CEO Dara Khosrowshahi, wrote in an e-mail to employees on Wednesday. Demand is down significantly, and the company is maintaining a freeze on hiring, Khosrowshahi said...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.