Uber Has Now Cut a Quarter of Its Workforce

Uber (NYSE: UBER) finished 2019 with roughly 26,900 employees, according to its annual report. Earlier this month, the ridesharing specialist said it was laying off 3,700 workers in its customer service and recruiting departments, given those positions were no longer necessary as COVID-19 ravages ridesharing demand and Uber had implemented a hiring freeze. This week, the company announced it was cutting yet another 3,000 employees.

That's 25% of Uber's workforce that is now getting pink slips.

Flying taxis are the least of anyone's concerns right now. Image source: Uber Elevate.