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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.

uber inc | layoff | Coronavirus


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 ...

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First Published: Mon, May 18 2020. 22:02 IST