Uber to lay off 14% of staff as ridership declines due to COVID-19

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Uber to lay off 14% of staff as ridership declines due to COVID-19
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Uber cutting 3,700 full-time jobs

Uber Technologies Inc.

announced in a Wednesday filing that it plans to lay off 3,700 full-time employees in customer-support and recruiting roles as the company deals with a steep drop off in rides volume due to COVID-19 and proceeds with its hiring freeze. The layoffs represent about 14% of Uber's 26,900 employees that it disclosed in its latest 10-K filing in March. Uber expects to incur about $20 million in costs related to severance and other termination benefits.

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