The combined layoffs represent a 25% reduction of the ride sharing company’s global workforce, according to a statement by Uber. Some of the offices closing its doors include the Pier 70 office in San Francisco. The layoffs were first reported byUber has seen its main profit generator, booked rides, decline by 80%, Khosrowshahi said in the email.
“Given the dramatic impact of the pandemic, and the unpredictable nature of any eventual recovery, we are concentrating our efforts on our core mobility and delivery platforms and resizing our company to match the realities of our business,” he said. Affected employees will receive a severance package, which includes a minimum of 10 weeks pay and health benefits through the end of the year. According to the company, the layoffs will be made in most departments and regions around the world.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Grubhub, Uber Eats, Postmates: third-party food delivery is broken - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Obviously !!! 🤫🤣🤣🤣 Think you’re missing something here.... The same applies to Uber and Lyft's ride-hailing firms. It's a broken model. Should be shut down like HBR said years ago:
Source: BusinessInsider - 🏆 729. / 51 Read more »
Grubhub, Uber Eats, Postmates: third-party food delivery is broken - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I no longer use these delivery services and have started to order directly from the restaurants. I respectfully disagree. It’s unchartered territory, but it’s the future of fast food. Eventually, the restaurants and third-party apps will find the right balance. Third-party apps must work with small businesses though. Otherwise, you will see major consolidation in the space.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Uber expected to cut thousands more jobs in another round of layoffs beginning Monday - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. After cuts he will give himself a big raise I will not miss Uber, Lyft, AirBnB or any of the other leach app companies that add nothing and take no responsibility for their services or employees. They are just Specialised Craig’s Lists that do nothing of value. GLSchwartzberg Nothing personal, just doing business.
Source: BusinessInsider - 🏆 729. / 51 Read more »