Uber says slashing jobs and trimming investment

published 18.05.2020 14:38

Image of article 'Uber says slashing jobs and trimming investment'
Share

The tie-up will free Uber to concentrate on its core rideshare and delivery services while Lime—which operates in some two dozen countries—will manage scooters and bikes including the Uber Jump fleet.

Uber reported 53 percent revenue growth in its Eats restaurant take-away delivery service in the first three months of this year, as more people ordered in to avoid the coronavirus.

"We are taking a hard look at our overall cost structure and our other bets to ensure our core business of Rides and Eats emerges stronger than ever," Khosrowshahi said on Uber's recent quarterly earnings call.

Overall staff cuts include layoffs earlier this month at Uber recruiting and customer support teams, and are part of a reorganization keeping ride-share and Eats restaurant-meal delivery services priorities at the company.

The San Francisco-based company is laying off about 3,000 people and stopping some investments unrelated to its core ride-share and delivery businesses, according to chief executive Dara Khosrowshahi.