Uber cuts an additional 3,000 jobs and says more may follow

published 18.05.2020 18:36

Image of article 'Uber cuts an additional 3,000 jobs and says more may follow'
Share

But even as it makes efforts to cut costs, Uber is in talks to acquire Grubhub Inc., a purchase that would make Uber the dominant player in the U.S. food delivery market.

Although Uber’s main ride-hailing division is now profitable, the food delivery operations still lose money and other bets such as autonomous vehicles and air taxis have yet to be proven.

In the Monday email, Khosrowshahi said Uber would stop work on several of its side projects as the company reorients itself around its two core businesses: ride hailing and food delivery.

Uber Technologies Inc. is slashing an additional 3,000 jobs and closing dozens of offices, the company said Monday, part of a series of dramatic moves intended to shore up a business that has been gutted by the coronavirus.

Khosrowshahi told employees Monday that although Uber still loses money on food delivery, it was “the next enormous growth opportunity,” an opinion reinforced by surging demand for takeout during the lockdown.

Similar Posts