Wednesday, October 22, 2025
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO North America > News > Uber laying off employees

Uber laying off employees

in News
- Uber laying off employees
Share on LinkedinShare on WhatsApp

Uber recently announced it will be laying off another 3,000 employees.

With millions of people staying home to slow the virus’s spread, ride-hailing has suffered, and Uber is one of them.

As the ride hailing company tries to weather the damage to its business from the coronavirus pandemic, it just recently announced it will be laying off another 3,000 employees two weeks after the company cut 3,700 jobs and said it would eliminate $1 billion in costs this year. The cuts will not affect Uber drivers, the company clarified.

Even before the pandemic, Uber was grappling with huge losses, the BBC reports. But its challenges have multiplied as activity plunges during the pandemic. The number of Uber rides dropped 80% last month at the height of the lockdowns in the US and Canada. Meanwhile, although its Uber Eats food delivery business has surged, it remains loss-making.

The head of the firm said the moves were necessary “to secure our future”.

“We’re seeing some signs of a recovery, but it comes off of a deep hole, with limited visibility as to its speed and shape,” CEO Dara Khosrowshahi wrote in an email to staff on Monday announcing the latest cuts. “I realized that hoping the world would return to normal within any predictable time frame, so we could pick up where we left off on our path to profitability, was not a viable option,” he said.

According to NPR, the company is also reorganizing its business to focus on its core ride-hailing and food-delivery offerings. It is shutting or consolidating 45 offices around the world. It’s closing down some units, including an artificial intelligence lab. And it may sell Uber Works, a temporary staffing venture. Uber is also in talks to acquire rival GrubHub in a deal that would make Uber the country’s biggest food-delivery app.

Tags: CEOCEO NorthamDara KhosrowshahiEmployeesLay offUber

Related Posts

Barclays announces $670 million share buyback, increases outlook
News

Barclays announces $670 million share buyback, increases outlook

Netflix aims to finish the year with ‘good momentum’ despite missing Q3 earnings
News

Netflix aims to finish the year with ‘good momentum’ despite missing Q3 earnings

Microsoft CEO Satya Nadella secures record-breaking $96.5 million compensation package
News

Microsoft CEO Satya Nadella secures record-breaking $96.5 million compensation package

Coca-Cola ‘stayed flexible’ to achieve solid Q3 results
News

Coca-Cola ‘stayed flexible’ to achieve solid Q3 results

Octave Klaba returns as OVHcloud CEO
News

Octave Klaba returns as OVHcloud CEO

GM stocks rise as company raises full-year guidance
News

GM stocks rise as company raises full-year guidance

Kering and L’Oréal forge new  $4.66 billion alliance
News

Kering and L’Oréal forge new  $4.66 billion alliance

White House Economic Adviser Kevin Hassett says U.S. could take further stakes in industries
News

White House Economic Advisor says shutdown could end this week

China ‘violated’ trade agreement with US, Trump says
News

Trump to resume trade talks with China

US stock exchanges end week up
News

Dow futures drop 300 points as record sell-offs continue

No Result
View All Result

Recent Posts

  • The Outlook for US Housing Supply and Affordability
  • Microsoft CEO Satya Nadella secures record-breaking $96.5 million compensation package
  • Netflix aims to finish the year with ‘good momentum’ despite missing Q3 earnings
  • Barclays announces $670 million share buyback, increases outlook
  • Hundreds of public figures, including Apple co-founder Steve Wozniak and Virgin’s Richard Branson urge AI ‘superintelligence’ ban

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.