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    Uber lays off 600 staff as Covid-19 hits ride-hailing business

    Story outline

    • All employees will receive a minimum of 10 weeks payout.
    • They will also get medical insurance coverage for the next six months and outplacement support.
    • They will be allowed to retain their laptops and given the option to join the Uber talent directory
    According to an email sent by Dara Khosrowshahi to employees the layoffs are part of the company's already announced global job cuts which were being done in phases across geographies.
    Uber has fired 600 people in India across levels and teams on Tuesday, a week after homegrown rival Ola slashed its workforce by a third.

    Uber confirmed the development.

    “The impact of Covid-19 and the unpredictable nature of the recovery has left Uber India with no choice but to reduce the size of its workforce...600 people across driver and rider support, as well as other functions, are being impacted," said Pradeep Parameswaran, President, Uber India and South Asia.

    According to an email sent by Dara Khosrowshahi to employees, which was reviewed by ET, the layoffs are part of the company's already announced global job cuts which were being done in phases across geographies.

    "Today is an incredibly sad day for colleagues leaving the Uber family and all of us at the company. .... I want to apologize to departing colleagues, and extend my heartfelt thanks to them for their contributions to Uber and the riders and driver-partners we serve in India," Parameswaran said.

    All employees will receive a minimum of 10 weeks payout, medical insurance coverage for the next six months, outplacement support, be allowed to retain their laptops and given the option to join the Uber talent directory.

    7 Comments on this Story

    Trading King48 days ago
    NIRMALA SITHARAMAN SAID MILLENIALS PREFER USING OLA & UBER INSTEAD OF OWNING CARS TO JUSTIFY HER STAND ON AUTOMOBILE DISASTER DEGROWTH IN DECADES. NOW EVEN UBER LAY OFF SHOWS THAT IS ALSO BECOMING FAILURE MODEL IN INDIA. BECAUSE PEOPLE HAVE STARTED WALKING 1500 MILES TO REACH HOMETOWN. NOBODY HAS MONEY IN POCKET EVERYTHING GOES TO GOVT AS GST TAXES DIRECT & INDIRECT. WHATEVER LEFT IN POCKET GOT HIT BY HIGH SKY ROCKETING INFLATION. FEKU DEVELOPMENT MODEL FAILED PEOPLE FACING THE HEAT FOR THEIR CHOICE.
    Raj48 days ago
    Already many people lost their jobs. Central government is confuse to continue with lockdown or lift the lockdown. Our economy is at bottom because of previous bad decisions like demonetization and many. Totally disasters and failed government only surviving on Kashmir issues and Pakistan. No blueprint after lockdown, 20 lakh package is nothing but loan mela, not single minister who can really understand expert in economics. Only bhashan and new tag lines.
    Subbu India48 days ago
    Not just Uber, Layoff is there in many industries. Cost of essential are skyrocketting. Government doesn't care for middle class or the poor.
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