Uber sacks 600 employees in India across business functions
By MYBRANDBOOK
Uber lays off 6,700 employees globally, in India 600 employees across business functions and levels have lost their jobs. These layoffs are part of Uber's global job cuts, where it has let go nearly 6,700 employees and shut 45 offices.
Uber announced in the first week of May that it would be letting go 3,700 employees from across the globe. This was followed by another round of layoffs where 3,000 more employees were let go, along with the ride hailing platform closing 45 offices globally. In total, Uber has now laid off 25% of its global workforce.
In India, Uber was operating with nearly zero rides over a month, and then with minimal rides in green and orange zones. Even though Uber is now allowed to function in most places in the country, the volume of rides remain significantly low. As a result, Uber India is letting go people across its driver and rider support teams, among other functions.
Every laid off employee will receive a minimum 10 weeks pay-out, medical insurance coverage for the next six months and outplacement support.
Pradeep Parameswaran, President, Uber India and South Asia said in a statement that they will also be allowed to retain their laptops and will be given the option to join the Uber talent directory.
During the layoffs, Uber said in a regulatory filing with the US Securities and Exchange Commission (SEC) that the current hiring freeze and significantly lower trip volumes has resulted in it having to cut down on its customer support and recruiting teams to rationalise costs and pare down losses.
Apart from closing around 45 offices globally, Uber will reportedly also begin moving its Asia-Pacific headquarters out of Singapore to a new location in a market where they operate their services.
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