Share:

Uber to Lay Off 3,000 More Employees, Shut Down 45 Offices Around the World

Share:

In an email sent out to employees earlier today, Uber CEO Dara Khosrowshahi has announced the company will be shutting down or consolidating at least 45 offices around the world and that it is also considering cuts to other businesses, such as freight, CNBC News reports.

Uber

The publication also notes that the ride-hailing giant will be laying off 3,000 more jobs less than two weeks after an initial round of cuts on May 6, which affected 3,700 employees. Based on the latest available head-count figures, this new round of layoffs would leave Uber with about 20,000 employees.

Khosrowshahi also told employees that Uber has worked to provide “strong severance benefits and other support” for those leaving Uber, such as healthcare coverage and an alumni talent directory.

“Our balance sheet is strong, Eats is doing great, Rides looks a little better, maybe we can wait this damn virus out…I wanted there to be a different answer,” Khosrowshahi told employees in the email. “Let me talk to a few more CEOs…maybe one of them will tell me some good news, but there simply was no good news to hear. Ultimately, I realized that hoping the world would return to normal within any predictable timeframe, so we could pick up where we left off on our path to profitability, was not a viable option.”

Khosrowshahi adde that Uber needs to make some really hard decisions about what the company will and won’t do going forward. You can read the email in full at this link.

Share: