NEW YORK (AP) — Uber says it will lay off 3,700 full-time workers, or about 14% of its workforce, and its CEO will forgo pay as the ride-sharing company struggles with the coronavirus.
The San Francisco company said Wednesday the reduction in customer support and recruiting workers will cost it bout $20 million in severance and other termination benefits.
Uber Technologies Inc. has already imposed a hiring freeze and has offered up to 14 days of financial assistance to drivers and delivery workers who were diagnosed with Covid-19 or placed in quarantine.
Chief Executive Dara Khosrowshahi will waive his base salary through year-end.
The company, which is scheduled to report quarterly financial results after the bell Thursday, said it is evaluating other costs.
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