Uber cuts 3,000 more jobs, closes 45 offices
Uber on Monday said it's cutting 3,000 more jobs in a second wave of layoffs and closing dozens of offices.
CEO Dara Khosrowshahi made the announcement in an email to employees Monday just 2 weeks after the company slashed 3,700 jobs.
The latest layoffs mean Uber has shed nearly a quarter its workforce. Changes that are designed to save the company $1 billion annually.
Khosrowshahi told employees Uber will now be focusing on its core businesses: ride-hailing and food delivery, calling Uber Eats the "next enormous growth opportunity.
Demand for the service jumped 50% in the first quarter.
Before the stay-at-home orders around the world, Uber promised it would become profitable by the end of this year, though it recently extended that timeline to 2021, as lockdowns pummeled its ride-hailing business, which generates the bulk of Uber's revenue.
With millions staying home, trips dropped 80% globally in April.
As part of the latest changes, Uber will also reduce investments in several non-core projects and plans to close or consolidate some 45 offices globally.
