Uber announces further job losses in wake of Covid-19
Written by Steven Barrett on 04th February 2020
Uber has announced plans to further reduce its operating expenses in response to the economic challenges resulting from the Covid-19 pandemic.
The ride hailing firm has been hard hit by the slowdown in travel caused by the outbreak.
As part of a restructuring, the company expects to reduce its workforce by approximately 3,000 full-time employee roles.
In connection with these actions, Uber said it estimates that it will incur approximately $175-$220 million in charges.
The latest layoffs bring the total reductions in recent weeks to a quarter of the workforce, with around 6,700 staff to go in total.