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Uber to lay off 3,000 workers in second cut for May, trip requests drop 80%

Company says it plans to reduce investments in several non-core projects.

As much as 60 per cent of millennials are interested to work as gig workers. (Photo: Bloomberg)
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Uber would also close down about 45 of its offices, including the one at Pier 70 in San Francisco

Reuters
Uber Technologies Inc will cut about 3,000 jobs, in addition to the 3,700 it had announced earlier this month, as coronavirus-led restrictions sap demand for ride-hailing services, Chief Executive Officer Dara Khosrowshahi said in an email to employees on Monday.

The ride-hailing business has suffered a near-total collapse as large parts of the United States and the rest of the world shut to combat the spread of the virus.

Nearly two-thirds of Uber's revenue is generated in the United States and Canada, where stay-at-home orders were issued in the middle of March. The company said that trip requests had plummeted