NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout


    India Business World Politics Sports Technology Entertainment Auto Lifestyle Inspirational Career Bengaluru Delhi Mumbai Visual Stories Find Cricket Statistics Phones Reviews Fitness Bands Reviews Speakers Reviews

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
     
    Home / News / Business News / Uber India fires 25% of its workforce: Details here
    Uber India fires 25% of its workforce: Details here
    Business

    Uber India fires 25% of its workforce: Details here

    Written by Shubham Sharma
    May 26, 2020 | 01:01 pm 2 min read
    Uber India fires 25% of its workforce: Details here

    In another blow to the salaried section, Uber India has laid off 600 employees or nearly a quarter of its workforce in the country. The decision came in light of the economic uncertainty stemming from the COVID-19 pandemic, which has forced several other companies, including Uber's rival Ola, to either cut jobs or close operations. Here is more about it.

    Layoff a part of already-announced downsizing plan

    Uber's CEO Dara Khosrowshahi sent an email informing employees about the layoff and said the decision is part of the already-announced downsizing effort that aims to cut 6,700 jobs across company divisions around the world to reduce costs. He added, in India, the move will affect employees in customer and driver support, business development, legal, finance, policy, and marketing verticals.

    Here's a statement from Pradeep Parameswaran, President Uber India

    "The impact of COVID-19 and the unpredictable nature of the recovery has left Uber India with no choice but to reduce the size of its workforce. Around 600 full-time positions across driver and rider support, as well as other functions, are being impacted."

    Affected employees will be entitled to certain benefits

    All affected employees, Uber says, will be entitled to at least 10-12 weeks' salary, medical insurance for six months, outplacement support, and company-provided laptops. "Today is an incredibly sad day for colleagues leaving the Uber family and all of us at the company," Parameswaran added. "I want to apologize to departing colleagues and extend my heartfelt thanks to them for their contributions to Uber."

    Rides business significantly affected due to COVID-19

    In the wake of COVID-19, Uber's rides business has gone down by more than half. Now, as countries, including India, ease restrictions to allow cab movement, the company is hoping to get things back on track while preserving cash, through cost-cutting measures, to brace for further uncertainties. "We made the decision now so that we can look to the future with confidence," Parameswaran emphasized.

    Ola laid off 1,400 employees

    Ola, Uber's main competitor in India, has not been spared by the COVID-19 crisis, either. The company recently said its revenue came down by 95% over the past two months and has, therefore, decided to relieve 1,400 employees - 35% of its total workforce - from their duties to preserve cash and "emerge stronger in the long run".

    Share this timeline
    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Uber
    Dara Khosrowshahi
    Ola
    Uber India

    Uber

    How Uber plans to resume operations safely in India Uber India
    Amid COVID-19, Swiggy lays off 1,100 employees Zomato
    Amid COVID-19, Zomato decides to fire 13% of its workforce Zomato
    Uber fired over 3,500 employees in a 3-minute Zoom call Business

    Dara Khosrowshahi

    Uber CEO calls Jamal Khashoggi's murder "mistake", apologizes after outrage Uber
    Uber acquires dockless bike-sharing start-up JUMP for $200 million Uber
    Uber exits South-East Asia, selling its operations to rival Grab Uber
    Uber stole rivals' secrets and used undercover agents, says letter Uber

    Ola

    Ola lays off 1,400 employees due to COVID-19 pandemic India
    'Ola Emergency' launched for hospital runs amid COVID-19 outbreak India
    Amid lockdown, Ola, Uber suspend services till March 31 Uber
    Despite COVID-19, Ola, Uber car-pooling remains available in India India

    Uber India

    COVID-19: Uber's new tech will ensure drivers wear protective masks Uber
    FableStreet raises $2.9 million in Series A round of funding India
    Soon, Uber will let you book Delhi Metro tickets Uber
    Ranu Mondal repeat? This Uber driver's singing is breaking Internet Uber
    Next News Article

    Love Business News?

    Subscribe to stay updated.

    Business Thumbnail
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2023