UBER CUTS THOUSANDS OF JOBS DUE TO COVID-19 PANDEMIC
Earlier this month, Uber Technologies downsized 3,700 people from its offices globally. In the latest round on Monday, additional 3,000 jobs were also cut. Employees in HR and Customer Service department were let go due to the serious financial crisis brought upon by Covid -19. The total lay-off represents 25% of the workforce in the company. Along with the job cuts, some major ongoing projects like self-driving cars are also put on hold. The email sent by Chief Executive Officer Dara Khosrowshahi to the staff informed that the company would stop work on several side projects including the once popularised flying cars. The focus for the moment is set only on the two core businesses which are Uber Eats and car rentals. Khosrowshahi further informed that other suppositious projects like Uber Incubator, AI Labs and Uber Works ( job searching ) will also remain close. In order to achieve profit, the company has planned to take other measures other than losing headcounts. More than 45 offices are closed globally since the coronavirus outbreak. Khosrowshahi in his mail also stated that this might not be the last cut off. Lyft Inc. a major competitor of Uber in America. has also cut down the salaries along with dismissing 17% of the total staff. Even Airbnb Inc. discharged a quarter of its workforce. Uber is rumoured to take over Grubhub Inc., a major food delivery service in the US. If Uber acquires the food company, it is estimated to soon become the most dominant food delivery service in the US. Reports show that Uber Eats is bearing losses due to low sales. But the company believes that it is the next big opportunity to gain profit due to the upsurging demand in food orders during the lockdown.
Sources: WHO, CDC, ECDC, NHC of the PRC, JHU CSSE, DXY, QQ, and various international media
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