Connect with us

Hi, what are you looking for?

BUSINESS

Uber to lay off 200 recruiters

Photo: Uber

Uber Technologies (UBER.N) cut 200 workers in its recruitment section on Wednesday to save costs.

After 150 freight services layoffs earlier this year, Uber cut less than 1% of its 32,700 global employees.

According to the Wall Street Journal, Uber cut 35% of its recruiting staff.

Uber reduced 17% of its workforce in mid-2020 because of the pandemic, but Lyft (LYFT.O) eliminated more.

Lyft fired 26% of its employees in April and 700 late last year to compete with Uber under new CEO David Risher.

In May, Uber said it was on track to reach operational income profitability this year and would maintain its employees after headcount decreased sequentially in the March quarter.

Click to comment

Leave a Reply

Your email address will not be published.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

The future of technological innovation is here. Be the first to discover the latest advancements, insights, and reviews. Join us in shaping the future.
SUBSCRIBE

You May Also Like

BUSINESS

U.S. stocks finished slightly higher on the first trading day of October as Treasury yields pulled back from their highest levels in more than...

BUSINESS

Xiaomi has unveiled its latest flagship smartphones, the Xiaomi 18 Pro and Xiaomi 18 Pro Max, combining Qualcomm’s newest Snapdragon processors with dual 200MP...

AI

ByteDance has raised $29.6 billion from nearly 30 banks as the TikTok owner increases spending on artificial intelligence and overseas infrastructure. The financing started...

Automotive Industry

In early September, Facebook groups used by Grab ride-hailing and delivery drivers across Vietnam filled with calls for a two-day boycott of the platform,...

THE WHIZORD NEWSLETTER

The next big thing.
In your inbox.

AI developments, technology news, and reviews worth your attention.

SUBSCRIBE

The future of technological innovation is here. Be the first to discover the latest advancements, insights, and reviews. Join us in shaping the future.