By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Lifestyle UgandaLifestyle Uganda
  • Home
  • News
    • International News & Politics
    • Education
    • Sports
    • Money & Finance
    • Mobile and Telecommunication
    News
    Lifestyle Uganda brings you the latest news and information on Africa, Wizkid, Azawi, and Eddy Kenzo right from the heart of the industry.
    Show More
    Top News
    Lycamobile Uganda data bundles and voice (1)
    Lycamobile Uganda: 4 Most Frequently Asked Questions & Answers
    5th November 2021
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    19th September 2020
    lifestyleug.com__kcb bank airtel money super saver (1)
    Airtel Uganda Launches ‘airtel Money Super Saver’ in Partnership with KCB Bank
    15th November 2021
    Latest News
    $10,000 Donated by Exness to Help 2022 Nigerian Flood Victims
    20th January 2023
    Former Brazilian Minister of Sports Pele Died at the Age of 82
    30th December 2022
    37 Visa Exempt Countries to Uganda: A Complete List
    7th December 2022
    Who is Patrick Oboi Amuriat: Biography, Early Life, Family, Education, Career and Controversies
    28th November 2022
  • Business
  • Entertainment
    • Music
    • Celebrity
    • Biography
    • Lifestyle
      • Fitness
      • Pop Culture
      • Recipes
      • Travel/Culture
    Entertainment
    With Lifestyle Uganda Entertainment you will be able to get the latest news from Uganda, Nigeria, Kenya, South Africa entertainment, celebrity gossip, films, TV shows,…
    Show More
    Top News
    Lycamobile Uganda data bundles and voice (1)
    Lycamobile Uganda: 4 Most Frequently Asked Questions & Answers
    5th November 2021
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    19th September 2020
    about Barbie Itungo Kyagulanyi
    Who is Barbie itungo Kyagulanyi: 11 Facts You Need to Know About Bobi Wine’s Wife?
    1st October 2020
    Latest News
    Nominations for the 2023 Oscars: Tems Nominated for Lift Me Up
    25th January 2023
    London’s Tottenham Hotspur Stadium to Host Massive Wizkid Show
    24th January 2023
    Tickets, Lineup, and Dates for Afro Nation Portugal 2023
    23rd January 2023
    Winners of the All Africa Music Awards 2022/2023: Burna Boy, Davido
    21st January 2023
  • Fashion
    • Beauty Trends
    • Accessories
    • Hair
    • Lipstick
    • Makeup
    • Skincare
    FashionShow More
    lifestyleuganda.com__Fenty Beauty appoints Nikita Kering as brand ambassador (1)
    Rihanna’s Fenty Beauty Appoints Nikita Kering As Brand Ambassador
    1st June 2022
    nowthendigital.com__Balenciaga to accept cryptocurrency payments (1)
    Fashion Label Balenciaga to Accept Cryptocurrency Payments in the U.S.
    28th May 2022
    Nicki Minaj at met gala 2022 (1)
    See Nicki Minaj, Hillary Clinton, Elon Musk, Alicia Keys and More at the 2022 Met Gala
    3rd May 2022
    lifestyleuganda.com-Judith Heard wins Miss Environment Africa International
    Judith Heard wins Miss Environment Africa International in India
    4th April 2022
    lifestyleuganda.com__judith heard india miss environment contest (1)
    Miss Environment International 2022: Judith Heard arrives in India
    22nd March 2022
  • Health & Living
  • Tips & Advice
Search
© 2023 Lifestyle Uganda. All Rights Reserved.
Reading: Uber cuts off 14% of Its Employees Amid COVID-19 Pandemic
Share
Sign In
Notification Show More
Latest News
partnership of Liquid Intelligent Technologies with Nokia
Liquid Intelligent Technologies and Nokia Partner to Drive Africa’s Innovation
Sponsored by APO GroupAPO Group
ashwagandha benefits
Ashwagandha: What Is It and How Does It Work?
Health & Living
Tems at 2023 Oscar nominations
Nominations for the 2023 Oscars: Tems Nominated for Lift Me Up
Entertainment Music
Wizkid announces London Date 29th July 2023
London’s Tottenham Hotspur Stadium to Host Massive Wizkid Show
Entertainment Music
burna boy afro nation 2023
Tickets, Lineup, and Dates for Afro Nation Portugal 2023
Entertainment Music
Aa
Lifestyle UgandaLifestyle Uganda
Aa
  • Home
  • News
  • Business
  • Entertainment
  • Health & Living
Search
  • Home
  • News
    • International News & Politics
    • Education
    • Sports
    • Money & Finance
    • Mobile and Telecommunication
  • Business
  • Entertainment
    • Music
    • Celebrity
    • Biography
    • Lifestyle
  • Fashion
    • Beauty Trends
    • Accessories
    • Hair
    • Lipstick
    • Makeup
    • Skincare
  • Health & Living
  • Tips & Advice
Have an existing account? Sign In
Follow US
© 2023 Lifestyle Uganda. A Now & Entertainment Media Company. All Rights Reserved.
Lifestyle Uganda > Blog > Business > Uber cuts off 14% of Its Employees Amid COVID-19 Pandemic
BusinessNews

Uber cuts off 14% of Its Employees Amid COVID-19 Pandemic

Lifestyle Uganda
Last updated: 2020/05/07 at 5:35 AM
Lifestyle Uganda
Share
3 Min Read
Uber will lay off 3,700 employees
Uber will lay off 3,700 employees. PHOTO/Shutterstock
SHARE

Uber will lay off 3,700 employees or about 14 per cent of its workforce amid coronavirus pandemic.

Uber will lay off 3,700 employees
Uber will lay off 3,700 employees. PHOTO/Shutterstock

According to filings with the US Securities and Exchange Commission, Uber, the technology company behind the world’s largest ride-hailing app, will lay off 3,700 employees or about 14 per cent of its workforce. 

Symbolically, the company’s CEO, Tara Kosrowshahi, will drop his salary this year as Uber struggles to cut costs amid the current financial crisis.

Global shutdowns and travel restrictions caused by the COVID-19 pandemic have devastated Uber, which informed investors in March that total bookings in major cities were down 70 per cent. 

Despite the recent gains from Uber Eats, the company’s food delivery app, they are not doing enough to offset the severe losses in its flagship ride-hailing service.

- Advertisement -

The layoffs are expected to affect the company’s recruitment and customer support units. According to Uber, it will cut about $ 20 million in costs and other costs related to layoffs.

SEE ALSO  Pitbull Invested in Peloton's Rival Echelon Fitness

“Much of our leading customer support staff are unfortunate because people travel less, not enough work,” said Uber.

Hed added; “Since we do not know how long the recovery will take, we are taking steps to bring our costs according to the size of our business. It is a difficult decision, but it is the right thing to do to help protect the long-term health of the company and ensure that we come out strong from this crisis. “

Of course, the key feature of Uber’s employees is that the drivers of the freeway that take passengers through the Uber app are the company’s primary victims, as the demand between international locksmiths and socio-distance regulations has almost dried up.

Meanwhile, Karim, a subsidiary of Uber in the Middle East, has fired about 30 per cent of its employees, shutting down its bus transport use. 

- Advertisement -

At the same time, Lyft, Uber’s main competitor in the ride-hailing industry, announced the layoff of 1,000 employees, 17 per cent of its workforce.

SEE ALSO  What You Might Not Know About Cryptocurrency Mining Pools

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • More
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Tumblr (Opens in new window)

Related

You Might Also Like

MTN MoMo Now Offers Self-Initiated Reversal for Mobile Customers

Shelter Afrique Approves USD13 Million Credit Line for Mixta Africa

Why You Should Consider Forex Trading in South Africa

Landmark Africa Receives a USD24 Million Housing Loan From Shelter Afrique

5 Ways the Internet is Helping Businesses Grow

TAGGED: Lyft Uber layoff of employees, Tara Kosrowshahi drop his salary, Uber in the Middle East, Uber lay off 14 per cent workforce, Uber lay off 3700 employees, Uber lay off its workforce, Uber will lay off employees

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Lifestyle Uganda 7th May 2020
Share this Article
Facebook Twitter Whatsapp Whatsapp Reddit Copy Link
Share
By Lifestyle Uganda
Follow:
Art & Lifestyle web-blog with an African-America spice. Lifestyle Uganda was founded, by a team of 3 social media gurus. Let's talk WhatsApp +256781873083.
Previous Article NASA and Tom Cruise movie NASA and Tom Cruise to Film the First Movie in Space
Next Article second wave of COVID-19 Why Experts Worry That There Will Be a Second Wave of COVID-19
Leave a comment Leave a comment

Leave a Reply Cancel reply

Stay Connected

45.2k Followers Like
5.1k Followers Follow
213 Followers Pin
35.6k Followers Follow
11k Subscribers Subscribe
400 Followers Follow
- Advertisement -

Latest News

partnership of Liquid Intelligent Technologies with Nokia edit
Liquid Intelligent Technologies and Nokia Partner to Drive Africa’s Innovation
Business Technology & Science 2nd February 2023
ashwagandha benefits edit
Ashwagandha: What Is It and How Does It Work?
Health & Living 25th January 2023
Tems at 2023 Oscar nominations edit
Nominations for the 2023 Oscars: Tems Nominated for Lift Me Up
Entertainment Music 25th January 2023
Wizkid announces London Date 29th July 2023 edit
London’s Tottenham Hotspur Stadium to Host Massive Wizkid Show
Entertainment Music 24th January 2023

Follow Us

//

At Lifestyle Uganda, we inform, entertain, and inspire action through the content we create — empowering you to live a celebrity life.

Quick Link

  • Home
  • News
  • Business
  • Entertainment
  • Health & Living

Top Categories

  • About Us
  • Send a Tip
  • Terms of Use
  • Privacy Policy
  • Contact

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Lifestyle UgandaLifestyle Uganda
Follow US

© 2023 Lifestyle Uganda. A Now & Entertainment Media Company. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
 

Loading Comments...
 

    Welcome Back!

    Sign in to your account

    Lost your password?