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The firm said it would cut 3,000 more jobs, bringing the total reductions in recent weeks to a quarter of the workforce. It is also closing or consolidating more than 40 offices and winding down units such as its artificial intelligence lab.
Even before the pandemic, Uber was grappling with huge losses. But its challenges have multiplied as activity plunges during the pandemic. The number of Uber rides dropped 80% last month at the height of the lockdowns in the US and Canada. Meanwhile, although its Uber Eats food delivery business has surged, it remains loss-making. Earlier this month, Uber announced it would cut 3,700 staff and warned of possible additional reductions. The workforce cuts do not include drivers, whom Uber considers independent contractors. The affected offices include hubs in San Francisco and in Singapore, which will start closing over the next year as the firm selects a new regional headquarters. Uber said it would reorganise its remaining staff and cut back spending in areas that are not part of its core personal transport or food delivery businesses, including its AI Labs. Combined, the actions should reduce spending by $1bn, the company said.
