The move is part of a global restructuring plan announced earlier
by Uber CEO Dara Khosrowshahi in view of dwindling fortunes amid Covid-19
lockdowns in several countries, including India.
Uber
India on Tuesday announced it was laying off 600 of its employees – a
fourth of its total headcount of 2,400 in the country – across customer &
driver support, business development, legal, finance, policy and marketing
verticals.
The retrenched
employees would be paid 10 to 12 weeks of salary, besides medical insurance
coverage for the next six months and outplacement support, the company said.
These staffers would also be allowed to retain their laptops and given the
option of joining the Uber talent directory.
“Today is an
incredibly sad day for colleagues leaving the Uber family and all of us at the
company. We made the decision now so that we can look to the future with
confidence. I want to apologise to departing colleagues and extend my heartfelt
thanks to them for their contributions to Uber, the riders, and the driver
partners we serve in India,” said Pradeep Parameswaran, Uber president for
India and South Asia, confirming the development.
The move is part
of the global restructuring plan announced earlier by Uber Chief Executive Dara
Khosrowshahi in view of the company’s stressed fortunes amid lockdowns in
several countries, including India, to prevent the spread of coronavirus.
These
restrictions, according to the CEO, had led to an 80 per cent year-on-year
decline in Uber’s global business in April. For the January-March quarter of
2020, the company announced a $2.9-billion loss, its biggest in three quarters.
Uber had earlier advanced its target of achieving a measure of profitability by
a year, and was hoping to be in the green by the fourth quarter of 2020.
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