Uber lays off 3,000 people in second big round of cuts

Enlarge / Uber CEO Dara Khosrowshahi in December 2019. (credit: Scott Heins/Getty Images)
Uber is laying off another 3,000 workers, the company announced in a filing with the Securities and Exchange Commission on Monday. That’s in addition to the 3,700 workers the company laid off earlier this month. Uber had 26,900 employees at the end of last year. Uber drivers, whom the company treats as independent contractors, are not directly affected.
“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,” CEO Dara Khosrowshahi said in the SEC filing. “That’s led us to some painful decisions today.”
Uber’s core ride-hailing business has been devastated by the coronavirus pandemic. The Wall Street Journal reports that Uber’s rides business was down 80 percent, year over year, in April.Read 4 remaining paragraphs | Comments
Source: Car news one

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