Uber is currently laying off lots of employees as the ongoing pandemic keeps affecting business negatively.
According to IT News Africa, in its recent filing, Uber revealed that it is cutting about 3,700 full-time roles or roughly fourteen percent of its staff on the company’s customer support and recruiting teams, amid the present decreased volume of ride requests and hiring pause.
According to Uber CEO, Dara Khosrowshahi, he would also be waving his base salary for the remainder of the year because the pandemic has called for brutal decisions.
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His words, “Days like this are brutal. I am truly sorry that we are doing this, just as I know that we have to do this. As I said at yesterday’s All Hands, this is one part of a broader exercise to make the difficult adjustments to our cost structure (team size and office footprint) so that it matches the reality of our business (our bookings, revenue, and margins).
He added, “We are looking at many scenarios and at each and every cost, both variable and fixed, across the company.”
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