Uber is laying off 3700 employees due to the pandemic

By TIN Media | International Published 3 years ago on 8 May 2020
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Uber Technologies, Inc, is laying around 3,700 full-time employees due to the COVID-19 Pandemic. The company expects to reduce its operating expenses in response to the economic difficulties and uncertainty resulting from the COVID-19 pandemic and its effect on its company.

Uber has decreased customer service and recruiting teams by approximately 3,700 full-time employee positions as a consequence of lower trip volumes in its drive segment and the ongoing freeze on jobs.

"With the reality of our rides trips volumes being down significantly, our need for communication operations, as well as in-person support, is down substantially. And with our hiring freeze, there simply isn't enough work for recruiters," the company's CEO Dara Khosrowshahi said in a letter to staff.

Khosrowshhahi has also agreed to waive his basic salary for the remainder of the year ending 31 December 2020 with the Uber board of directors, effective May 2.

In connection with these actions, the company estimates that it will incur approximately US$20 million related to severance and other termination benefits. The company is evaluating other costs and will provide an update in subsequent SEC disclosures regarding such amounts if material, said Uber.


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