UBER SACKS 23% OF WORKFORCE AMID COVID-19 CRISIS

Highlights

• Uber Technologies Inc. will sack 6,700 employees

• The newly planned measures are expected to bring in $1 billion in annual cost savings

According to an email sent by Uber Technologies Inc.’s chief executive officer Dara Khosrowshahi to employees, the company will slash 23 percent of its workforce and will focus on its core businesses in rides and food delivery in order to become profi....