Uber disclosed its plans to lay off 3,700 full-time employees, roughly 14% of its workforce of 26,900 employees, in an SEC filing last week. The decision to downsize its customer support and recruiting teams comes in response to the coronavirus lockdown as Uber has seen a sharp decline in ride requests. The company has also implemented a hiring freeze.
Uber announced in the same filing that CEO Dara Khosrowshahi will waive his base salary for the rest of the year, which amounted to USD 1 million in 2019.
Uber was founded in 2017 by CEO Daniel Khosrowshahi, the American technology company providing services for rides, delivery, and electric bicycle. To prevent their clients from using their services, Uber also released a campaign on various social media platforms with the statement “Thank you for not riding” to encourage their customers to stay at home and take care of their health.
In a similar move, rival Grab slashed senior management salaries by 20% and urged employees to take unpaid leave after the Singaporean government extended circuit breaker measures last week.