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Uber announces further job losses in wake of Covid-19

Written by   Steven Barrett on   04th February 2020

Uber announces further job losses in wake of Covid-19

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.

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