The ride hailing company said on Tuesday that it is cutting 600 jobs in India, roughly 25% of its workforce in the country. People working in driver and rider support, as well as other functions, will be affected. Uber's president for India and South Asia, Pradeep Parameswaran, apologized to departing staff and called it a sad day for the company. He added that Uber will provide 10 weeks of pay and six months of medical insurance for affected staff.
Read MoreIn India, Uber resumed ride hailing services in about 50 cities earlier this month, but much of the country remains under lockdown. India is a key market for Uber in Asia. The company had previously sold off the bulk of its ride-hailing business in Asia to Chinese rival DiDi and Singapore's Grab. It still operates in places such as Japan, Hong Kong and Taiwan.
That's going to effect India's economy...600 people? Hahahaha
That's worked out. What happens not enough room for going concern I see.
THERE'S A REASON WHY CNN POSTED A STORY ABOUT A PREGNANT WOMAN WALKING 100 MILES IN INDIA, ITS BECAUSE THE CAB DRIVERS ARE THAT UNRELAIBLE, SO ITS NOT A MAJOR LOSS.....
Liberals literally ruining the planet and all inhabitants with illogical lockdowns when herd immunity was the smart and easy approach. If you never knew that LiberalismIsAMentalDisorder before all of this, all doubts are vaporized forever.
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Good luck to those in India and I hope you find a new job fast.
Changing their name to Under.