Uber will cut thousands of workers due to coronavirus

The company Uber plans to lay off 3,700 people (about 14% of the state) due to pandemic coronavirus, which has had a negative impact on the demand for taxis. On 6 may, reports CNN.

According to CEO Dara Khosrowshahi, this step is one of many that the company has to take to find the balance between the income and expenses of the business. He expressed regret that the company has to go to such measures, but I’m sure that it’s necessary.

Analyst Daniel Ives, who had been watching the Uber for investment company Wedbush, called the dismissal “a necessary step”. According to him, the pandemic is the business model of the company will change now.

CNN notes that Uber shares fell nearly 4% in early trading on Wednesday, may 6.

Delivery service food Uber Eats June 3 will stop operations in Ukraine. The company will redirect its resources to other countries, where the market is Uber Eats is growing much faster.

Flash coronavirus infection COVID-19 began in December 2019 in the Chinese city of Wuhan. March 11, the world health organization declared the spread of the coronavirus pandemic.

In connection with the quarantine entered from-for epidemics in many countries of the world closed most of the enterprises, which caused massive economic crisis. According to IMF estimates, is the most serious crisis since the great depression.

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