Uber freezes hiring through May 31 thanks to coronavirus - Business Insider

Uber has confirmed to Business Insider that it has instituted a hiring freeze as a cost containment measure as the coronavirus crisis continues to drag down the economy.Employees are nervous that layoffs will be next, but leadership reassured them at an all-hands meeting on Tuesday that no layoffs are planned at this time, the company confirmed.

Still, the ride-hailing giant has gone through series of upper-management changes, including the exit of key engineering vice president Matthew Mengerink earlier this month. Recent months have seen the departure of top executives at its Uber Eats and New Mobility divisions.

Why only UBER? All companies are doing the same. In fact, they had to do so as to survive in these unpredictable, tough situations. They may even force employees to reduce work hours & fire eventually.

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