Tag: Uber

Indian ride-hailing firm Ola cuts 1,400 jobs

Ola said on Wednesday it is cutting 1,400 jobs in India, or 35% of its workforce in the home market, as the ride-hailing firm works to reduce its expense to steer through the coronavirus pandemic that has severely impacted mobility companies in the country. Bhavish Aggarwal, co-founder and chief executive of Ola, shared the job… Continue reading Indian ride-hailing firm Ola cuts 1,400 jobs

China’s Didi will begin using AI to run virus monitoring in Latin America

BEIJING, May 20 (Reuters) – China ride-hailing giant Didi Chuxing said on Wednesday that it will start using artificial intelligence (AI) technologies to verify if drivers in its Latin American markets wear masks and disinfect cars to keep rides safe amid the coronavirus pandemic. Didi, which is in eight countries across Latin America, Australia and… Continue reading China’s Didi will begin using AI to run virus monitoring in Latin America

Uber to cut 3,000 more jobs amid COVID-19 pandemic

SAN FRANCISCO, May 18 (Xinhua) — Uber said on Monday that the company is cutting about 3,000 more jobs amid COVID-19 pandemic.
“We have made the incredibly difficult decision to reduce our workforce by around 3,000 people, and to reduce investments in several non-core projects,” Uber CEO Dara Khosrowshahi wrote in a letter to employees.
Along with the 3,700 jobs the company announced to cut earlier this month, the San Francisco-based ride-hailing company is laying off 25 percent of its staff.
Uber is also closing or consolidating some 45 offices globally, including its Pier 70 office in San Francisco, a branch responsible for its experimental projects like self-driving cars. Over the next 12 months, it will begin the process of moving its Asia-Pacific headquarters out of Singapore to a new location “in a market where we operate our services,” according to the company.
Uber will reduce its costs by over 1 billion U.S. dollars a year by these actions, the company said.
“We began 2020 on..

Uber is offering its nearly 7,000 laid off employees a generous severance package including at least 10 weeks’ pay, stock, and healthcare until the end of 2020 (UBER)

The 25% of Uber’s global workforce laid off in May will receive a fairly generous severance package of at least 10 weeks pay and healthcare paid for all of 2020. Uber says explained to us the special assistance it is offering to visa holders and new parents still out on parental leave who got cut.… Continue reading Uber is offering its nearly 7,000 laid off employees a generous severance package including at least 10 weeks’ pay, stock, and healthcare until the end of 2020 (UBER)

Uber’s CEO told employees that he hopes — but doesn’t promise — the company is done with layoffs in the future

Uber will lay off 3,000 more employees starting this week, the company announced Monday, bringing the total layoffs this month to 6,700. The layoffs represent a quarter of the company’s total workforce worldwide. The coronavirus pandemic has led Uber’s profits to dip as much as 80% across the board. In an email to staff Monday,… Continue reading Uber’s CEO told employees that he hopes — but doesn’t promise — the company is done with layoffs in the future

As Uber cuts 25% of its global workforce, many European employees still don’t know ‘if we’ll be fired or not’ (UBER)

While Uber employees in the US heard on Monday about the second major round of job cuts at the company, those in Europe are still waiting. Because of the complexities of government regulation around pandemic-related permanent layoffs, Uber was not able to tell all impacted employees about the cuts on Monday, the company said in… Continue reading As Uber cuts 25% of its global workforce, many European employees still don’t know ‘if we’ll be fired or not’ (UBER)

‘I am truly sorry’: Read the full email Uber’s CEO sent employees after laying off 25% of the company’s staff in 2 weeks (UBER)

Uber on Monday confirmed Business Insider’s reporting that it planned to lay off 3,000 more workers in addition to its previous round of 3,700 job cuts earlier this month. Together, the layoffs represent about a quarter of the company’s entire global workforce, which stood at 28,600 at the end of March. In an email to… Continue reading ‘I am truly sorry’: Read the full email Uber’s CEO sent employees after laying off 25% of the company’s staff in 2 weeks (UBER)

Uber confirms it will lay off thousands more employees and close 40 offices to further cut costs (UBER)

Uber on Monday confirmed that it would cut 3,000 more jobs while closing dozens of offices and scaling back money-losing bets to slow steep revenue losses incurred because of the coronavirus pandemic. The announcement by CEO Dara Khosrowshahi follows a Business Insider report over the weekend by Julie Bort that more layoffs were imminent. Coupled… Continue reading Uber confirms it will lay off thousands more employees and close 40 offices to further cut costs (UBER)

UPDATE 2-Uber to focus on core rides, delivery business as cuts more jobs

(Reuters) – Uber Technologies Inc (UBER.N) will concentrate on its core businesses in ride-hailing and food delivery, Chief Executive Officer Dara Khosrowshahi said in an email to employees on Monday, announcing the company’s second round of job cuts during the coronavirus pandemic. FILE PHOTO: Uber’s logo is pictured at its office in Bogota, Colombia, December… Continue reading UPDATE 2-Uber to focus on core rides, delivery business as cuts more jobs