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Uber To Cut 23 Percent Of Its Workforce

Video Credit: Wochit News - Duration: 00:32s - Published
Uber To Cut 23 Percent Of Its Workforce

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 β€œnon-core projects.” Shares for Uber were up 6.9 percent to $34.69 after the announcement.

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Uber Uber American peer-to-peer ridesharing, freight, food delivery, and transportation network company

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Uber will concentrate on its core businesses in ride-hailing and food delivery and cut 23% of its workforce in an attempt to become profitable despite the coronavirus pandemic, Chief Executive Officer Dara Khosrowshahi said in an email to employees on Monday. This report produced by Yahaira Jacquez.

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