TransportationUS

Uber Layoffs

May 2020

Uber announced a layoff affecting 3,000 employees (13% of its workforce) in May 2020. The company operates in the Transportation sector.

People Affected

3,000

Percentage

13%

Announced Date

May 18, 2020

About

Uber has laid off an additional 3,000 employees, representing 13% of its workforce, as part of a broader restructuring announced in May 2020. This follows a previous round of 3,700 layoffs, bringing the total to 6,700 employees, or 25% of its staff. The drastic cuts are a direct response to the COVID-19 pandemic, which caused an approximate 80% decline in its core ride-sharing business. Despite growth in food delivery, it was insufficient to offset losses. Concurrently, Uber is closing 45 offices, winding down its product incubator and AI labs, and reassessing non-core units like Uber Works and its self-driving division. The layoffs span all departments and include staff from subsidiaries Careem and Jump.