Wednesday. The cuts to its customer support and recruiting teams represent about 14% of its 26,900 employees, based on Uber's most recent headcount.
CEO Dara Khosrowshahi will also forgo his base salary for the rest of the year, according to the filing. Uber has been hit hard by the pandemic as travel has stalled during measures to stop the spread of the virus. Global gross bookings are down 80%, according to a report fromlast month. Investors will get a greater sense of the impact on Thursday when Uber reports earnings.
Uber's drivers have suffered from lost income, reigniting the debate around whether Uber should be able to classify them as contractors. Khosrowshahi
With all the money Uber stole from drivers they should be set for a decade.
Man, sky’s falling!
JUST BUY CALLS, THE PUSH BOND YIELDS DOWN TO FORCE MONEY INTO EQUITIES TOO EASY, YOUR DUMB GOING SHORT FOR THAT 1 OUT OF 100 DAYS
IT IS CRAZY HEAVY SELLING VOL AND THEN ABOUT 200 SHARES RECOVERS ALL THE LOSSES LOL
TECH IS THE ONLY THING HOLDING THE ENTIRE MARKET UP, AT THIS POINT APPLE MIGHT HIT ATHS TODAY JUST TO STOP A COLLAPSE, FINE BY ME. I GOT CALLS
LOOKS LIKE THAT IS ALL THE SELLING LOL. THATS ALL YOU GOT BEARS LMFAO
Rental Car stocks should start to move up...who would want to get into a Taxi or Uber ever again!!!!!!!!!
Lay off everyone....bullish! SMH
FED JUST ANNOUCED THEY ARE BUYING EQUITIES WOW
YES!!!!!!!!!!! VACCINE EXPECTED IN TWO WEEKS!!!!!!!!!!!!!!!!!!!!!
I think you mean to say Uber is laying off 3700 independent contractors, no?
If they aren’t “employees” how can Uber lay them off?
Broader question-How do you Social Distance in car?(Lyft,Uber) Sanitize your place after each Guest stay?(AirBNB) OR Do these Biz just Die?!
After getting $810 MN contract from the US government. winning
14%? Oh i thought they had more drivers. Go figure. Huh
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California Sues Uber, Lyft For Not Making Drivers EmployeesI’m a San Francisco-based reporter covering breaking news at Forbes. I’ve previously reported for USA Today, Business Insider, The San Francisco Business Times and San Jose Inside. I studied journalism at Syracuse University’s S.I. Newhouse School of Public Communications and was an editor at The Daily Orange, the university’s independent student newspaper. Follow me on Twitter rachsandl or shoot me an email rsandlerforbes.com. rachsandl Watch the California gig economy dry up in three, two, one.... rachsandl Leave it to government to kill the ride-sharing industry. Was this pressure from big donor taxi companies or just typical leftist intervention into the market to collect more taxes?
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