Welcome To Naijazee Blog Read all the latest news in Nigeria and get exclusive access to stories, photos, video, gossip, scandals, and more.

Uber cuts 3,000 jobs as pandemic slashes demand for rides

Uber announces about 3,000 layoff from its workforce. This is the second major wave of layoffs in two weeks as the coronavirus slashed demand for rides

The San Francisco company has cut a quarter of its workforce since the year began, eliminating 3,700 people from the payroll earlier this month.

The ride-hailing giant will be closing or consolidating 45 offices globally, and almost all departments will be affected by layoffs. The company is closing its business for developing products and services for its platform and a unit working on artificial intelligence. It will also pursue strategic alternatives for its job recruiting app, Uber Works, Khosrowshahi said.

Uber's rides business, the company's main profit generator, fell 80% in April compared to the same month last year.

Post a Comment