Uber to layoff 20 per cent workforce globally as lockdown hits industry hard
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Uber has announced to layoff 20 per cent of its workforce globally, which would account for more than 5,400 out of a total of 27,000 employees across the world. The decision came amid the COVID-19 pandemic as the lockdown due to coronavirus has hit the travel and transport industry hard. The ride-hailing also implemented reductions in base salary for exempt employees for a 12-week period, beginning May, in the range of 10-30 per cent.
Uber has announced to layoff 20 per cent of its workforce globally, which would account for more than 5,400 out of a total of 27,000 employees across the world. The decision came amid the COVID-19 pandemic as the lockdown due to coronavirus has hit the travel and transport industry hard. The ride-hailing also implemented reductions in base salary for exempt employees for a 12-week period, beginning May, in the range of 10-30 per cent.
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