Uber To Cut 23 Percent Of Its Workforce

Video Credit: Wochit News
Published on May 19, 2020 - Duration: 00:32s

Uber To Cut 23 Percent Of Its Workforce

Uber Technologies Inc plans to focus on its core businesses in ride-hailing and food delivery.

According to Reuters, the company cut 23 percent of its workforce to try and become more profitable.

Chief Executive Officer Dara Khosrowshahi wrote an email to employees telling them the news.

Khosrowshahi said Uber will cut 6,700 jobs and will reduce investment in โ€œnon-core projects.โ€ Shares for Uber were up 6.9 percent to $34.69 after the announcement.


You are here

Related videos from verified sources

Uber cuts 3,000 more jobs, closes 45 offices 01:21
Video credit: Reuters Studio - Published on May 18, 2020 

Uber Is Making an Attempt to Purchase Grubhub 01:30
Video credit: Wibbitz Top Stories - Published on May 12, 2020 

Uber Looks Into Buying GrubHub 00:32
Video credit: Wochit - Published on May 12, 2020 

You might like