Coronavirus is not only affecting the health and life of humans but is also snatching away millions of jobs worldwide. People around the world have either lost their jobs or are on the verge of losing one. Uber, which provides online taxi/cab services earlier, eliminated 3,700 full-time employees who were 14 per cent of the total workforce. Uber also mentioned a 25 per cent salary deduction of their employees.
Now in a fresh controversy, Uber is eliminating 3,000 more employees globally. In this way, in May itself, the company has shown an exit to 6,700 people. Cab ride bookings have seen a decline of up to 80%, and this has adversely affected the company’s revenue. Ride booking business has been adversely affected in countries around the world, including the US, Canada and India.
Quoting a letter to employees, Uber CEO stated, “We have taken the incredibly difficult decision to reduce the workforce, including reducing investment in many non-core projects.” The company is cutting more than 3,000 jobs.” The Coronavirus crisis had negatively impacted its business; hence uber will reduce the number of employees in its various offices and head offices spread across the globe.
According to sources, Uber will give a separate relief package to the people being evacuated based on the notice period. The company will also continue the medical insurance facility until the end of this year and will also allow these people to use their co-working centers at no charge.
The Uber receives about two-thirds of its total earnings from the US and Canada. Moreover, it gets significant revenue from India as well. Uber also plans to close about 45 office locations as a part of the cost-cutting measurement. Not only this, but the company also said that Uber has decided to close its Singapore-based office in the next year and set up its new hub in the Asia-Pacific region.