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Uber will lay off 3,700 people from its customer support and recruiting teams, the company announced in a Wednesday regulatory filing. That figure represents 14 percent of Uber's 26,900 employees, CNBC reports.
Uber has already frozen hiring, and CEO Dara Khosrowshahi will forego his salary for the remainder of the year, the company says.
The Information reported last week that Uber's ride bookings have fallen 80 percent from the same period a year earlier. Uber has tried to compensate by expanding its delivery business, launching two new services called Uber Connect and Uber Direct. But rides have historically been the largest part of Uber's business, making an 80 percent drop difficult to stomach.
Last week, Uber's main US rival, Lyft, announced 1,000 layoffs—a 17-percent reduction of the company's workforce.
(Score: 1, Interesting) by Anonymous Coward on Thursday May 07 2020, @07:22PM (4 children)
I still shake my head at how this scam has lasted so long.
(Score: 0) by Anonymous Coward on Friday May 08 2020, @03:26AM (3 children)
Which scam? Unemployment insurance? I know! If you don't work, you don't deserve to live! As such, anyone who is unemployed for more than four weeks should be killed so as not to be a burden on the rest of us.
(Score: 1, Interesting) by Anonymous Coward on Friday May 08 2020, @08:54AM (2 children)
Unempliyment isurance is a scam, and it will become apparent as soon as it runs out of money and people start to ask yncomfortable questions. Especially true in the scumbug state of NJ, where I reside,.where the public funds have been raided for the past 30 years and used to pay for totally unrelated shit.
(Score: 0) by Anonymous Coward on Friday May 08 2020, @05:08PM
Based on the (poor) quality of your prose, it seems that the "totally unrelated shit" didn't include education.
More's the pity.
(Score: 0) by Anonymous Coward on Friday May 08 2020, @05:17PM
I'm glad someone gets what I'm talking about! It is a *huge* scam.
As I said, anyone who doesn't work needs to be shot dead to keep them from being a burden on the rest of us. Don't have a job? Don't worry, go and find a new one.
What? It's been four weeks and you still don't have a job? You're a useless, lazy taker and need to be killed, so you aren't a burden on the rest of us.
*That* is what "unemployment insurance" should be: Ensure that you're contributing by having employment or take two bullets in the back of the head.