The company says it's cutting about 3,700 full-time roles, or roughly 14% of its staff, on its customer support and recruiting teams in response to the reduced volume of ride requests during the coronavirus pandemic and the company's hiring freeze.
The company said in a filing Wednesday that it is cutting about 3,700 full-time roles, or roughly 14% of its staff, on its customer support and recruiting teams in response to the reduced volume of ride requests and the company's hiring freeze. Uber also said in the filing that CEO Dara Khosrowshahi will waive his base salary for the rest of 2020. "Days like this are brutal.
I am truly sorry that we are doing this, just as I know that we have to do this," Khosrowshahi wrote in an email about the layoffs to staffers, which was viewed by CNN Business.Last week, rival Lyft said it would be cutting 1,000 staffers and furloughing hundreds more as it also grapples with the impact of the ongoing pandemic on people using its ride-hailing services.Read MoreBoth companies have a history of steep losses and went through layoffs prior to the pandemic.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uber to lay off 14% of staff as ridership declines due to COVID-19Uber Technologies Inc. undefined announced in a Wednesday filing that it plans to lay off 3,700 full-time employees in customer-support and recruiting roles...
Read more »
Uber to lay off 3,700 employees, about 14% of workforceInvestors will get a greater sense of the impact of the pandemic on Uber's business when it reports earnings on Thursday.
Read more »
Bless Your Ears With 14+ Hours of Uninterrupted MusicStream Porter Robinson's Secret Sky digital festival featuring A. G. Cook, GRRL, Anamanaguchi and more.
Read more »
14 Biggest Revelations From Hilarie Burton's New BookIn her new book, OTH's Hilarie Burton opened up in detail about her life, including the time when Ben Affleck groped her on air: 'I didn't realize that I was being groomed—trained to be a good girl and a good sport.'
Read more »
14 Adorable Photos Of Archie Mountbatten-WindsorHappy birthday to the son of Prince Harry and Meghan Markle!
Read more »