Uber cuts 3,000 more jobs; shuts down offices.

Demand for rides have fallen more than 80%.


Alfred Lee19 May, 2020

Uber cuts 3,000 more jobs; shuts down offices.

Uber is laying off another 3,000 employees as the company's revenue continues falling due to the devastating effects of the pandemic.

The company mentions that demand for rides have plummeted more than 80% in April, as more people are staying indoors.

Just 2 weeks ago, Uber slashed 3,700 jobs, stating that this could save the company over $1 billion in costs this year.

Lyft, another ride-hailing competitor, had also laid off close to a thousand people in April.

Uber's current CEO, Dara Khosrowshahi.

Moving forward, Uber will focus more on strengthening their core-offerings, which is ride-hailing and food-delivery.

The company is also shutting down / consolidating its 45 offices across the world, as well as liquidating various assets/ventures they own.

Despite the setbacks, Uber Eats has seen tremendous growth in the recent weeks, as more people are relying on food delivery apps to order their meals from home. 

Talks to acquire food delivery rival, GrubHub, are also in motion, which could make Uber the largest food delivery platform in the U.S.

Alfred LeeAuthor

Journalist at BEAMSTART. I write about breaking business news in the region.

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