Uber has announced plans to cut 3,700 full-time staff – about 14% of its workforce – as business plunges following pandemic shutdowns.
Chief executive Dara Khosrowshahi will also waive his base salary – set at $1m (£809,690) in 2019 – through to the year end.
The announcements come a day ahead of the firm’s quarterly results.
Even before the pandemic, Uber was struggling to balance its books, making a loss of $8.5bn in 2019.
Uber said the reductions will come from its customer support and recruiting teams, and would result in $20m in severance pay and other costs.
Executives in March warned the firm had seen demand for its taxi services fall by more than 60% in coronavirus hotspots, though they said ordering via its Uber Eats food delivery service had increased.
Read more via BBC /Reuters
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