Coronavirus: Uber to cut 3,700 jobs as rides plunge

Coronavirus: Uber to cut 3,700 jobs as rides plunge

4 years ago
Anonymous $pSba0tWIcA

https://www.siliconvalley.com/2020/05/06/coronavirus-uber-to-cut-3700-jobs-as-rides-plunge/

Uber said Wednesday that it will cut 3,700 jobs due to a sharp decline in its ride-hailing business brought on by the coronavirus pandemic.

Uber made the job cut announcement in a filing with the U.S. Securities and Exchange Commission. Uber said the positions being eliminated would come from its customer support and recruiting teams, and that it would incur about $20 million in severance and benefits costs related to the layoffs.