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Top headlines: Uber lays off 600 employees, GDP growth likely to slip, more

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These staffers would also be allowed to retain their laptops and given the option of joining the Uber talent directory

BS Web Team New Delhi
Uber trims a quarter of its India workforce, lays off 600 employees
Uber India on Tuesday announced it was laying off 600 of its employees – a fourth of its total headcount of 2,400 in the country – across customer & driver support, business development, legal, finance, policy and marketing verticals. The retrenched employees would be paid 10 to 12 weeks of salary, besides medical insurance coverage for the next six months and outplacement support, the company said. Read more...

FY21 GDP to contract 5%; pre-virus level unlikely in next 3 fiscals: Crisil
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First Published: May 26 2020 | 2:16 PM IST

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