Uber Technologies Inc will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will forgo his base salary for the remainder of the year, the company said on Wednesday, as the COVID-19 pandemic decimates its ride-hailing business.
FILE PHOTO: Uber's logo is pictured at its office in Bogota, Colombia, December 12, 2019. REUTERS/Luisa Gonzalez
The company said the layoffs included its customer support and recruiting teams, and expects to incur about $20 million in costs for severance and related charges. But Uber, which operates in more markets around the world than Lyft, could recover some lost revenue with its food delivery business.
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