Uber Lays Off 25% of Its Workforce in India
Part of its restructuring which has cut off 6,700 employees.
Earlier this month, rideshare giant Uber had announced a $2.9 billion USD net loss in just the first financial quarter of 2020, and now, it has laid off 600 people from its workforce in India, equating to roughly 25 percent of its entire staff in the country. The round of lay-offs have affected everyone on the India team across the board, stretching from customer and driver support and business development to legal and even finance or marketing, and marks just a small part of Uber’s greater restructuring, which has in total already slashed a staggering 6,700 jobs around the world. 10 to 12 weeks of salary will be offered to those who have lost their jobs, as well as medical insurance for the next six months.
“The impact of Covid-19 and the unpredictable nature of the recovery has left Uber India with no choice but to reduce the size of its workforce,” said Pradeep Parameswaran, Uber India’s president. “Around 600 full time positions across driver and rider support, as well as other functions, are being impacted. These reductions are part of previously announced global job cuts this month. Today is an incredibly sad day for colleagues leaving the Uber family and all of us at the company. We made the decision now so that we can look to the future with confidence.”
He added: “I want to apologize to departing colleagues and extend my heartfelt thanks to them for their contributions to Uber, the riders, and the driver partners we serve in India.”
Elsewhere in business-related news, Alibaba’s profits have dropped 88% amid the coronavirus pandemic.
