Coronavirus: Uber axes 3,700 jobs as pandemic hits business | Business News

Uber has announced it is to cut 3,700 jobs as the coronavirus takes its toll on the ride-hailing business.

The company also said in a stock market filing that chief executive Officer Dara Khosrowshahi will waive his base salary for the remainder of the year.

It is the latest big US business to announce sweeping job cuts blamed on the pandemic this week, with Airbnb revealing that it was to lay off 1,900 workers and General Electric saying as many as 13,000 could go at its aviation unit.

More follows…

Sky News

Leave a Reply

Your email address will not be published. Required fields are marked *