Uber cuts 3000 jobs
A few weeks ago, the ride-sharing company, Uber, announced their first round of layoffs which sent shockwaves through the industry. This tech giant has been viewed as one of the most promising places to work, but as global markets take a massive hit, the company has been forced to lay off even more employees, and downsize their operations. CEO, Dara Khosrowshahi informed employees about their news of closing 45 offices across the world. If you club this layoff with the one from a few weeks ago, a combined 25% of the company's workforce has been let go. The main reason for these drastic measures is that their booked rides, their main source of revenue, have seen an 80% dip since the pandemic hit.
Read more at: https://www.usatoday.com/story/money/2020/05/18/coronavirus-effects-uber-cuts-more-than-3-000-jobs-closes-45-offices/5213255002/
Others news
Category
Teamwork
Family & Medical Leave
Substance Abuse
Overtime Eligibility &
Mental Wellness
Remote & Hybrid Work
Contemporary Issues
Wellness Benefits
Pay Equity
Investigations
Fiduciary Duty
Privacy
Business Continuity
Eligibility Verification (I-9)
Health Care Benefits
Educational Assistance
Compensation & Benefits
Succession Planning
Workplace Culture
Consultation
Payroll
Career Development
Health Savings Accounts
Closing
Inclusion, Equity & Diversity
Networking
Firing
Benefits Compliance
Whistleblowing
Artificial Intelligence
Affirmative Action
Employee Relations
Executive Compensation
Retaliation
Bonuses & Incentives
Hiring & Firing
Workplace Security
Employee Surveys
Job Descriptions
Promotion
Trends
Ethical Practice
Employee Handbooks
Organizational &
Overtime Pay
Termination
Data Security
Employment Testing
Retirement & Recognitions
Gender Identity
Tags
Article
Gig Economy and Its Impact on Staffing Firms
With over 20.5 million US workers losing their jobs in April 2020 during the national lockdown, man ...
10 Tips to Help You Ace an Online Interview Amidst COVID-19 Crisis
Online interviews have been rising in popularity for quite some time now. It has increased by 49% s ...
Is It Time For Recruiters To Think Like Marketers?
About 46% of recruiters acknowledge this by seeing recruitment more as marketing than an expansion ...
Financial steps to consider before quitting your job
Americans live paycheck to paycheck, making it difficult to leave their current employer. All thing ...
Comments