Uber is laying off 3,700, as rides plummet due to COVID-19

In an SEC filing dating back to last week, Uber disclosed that plans to layoff 3,700 employees. The figure amounts to around 14% percent of the ride hailing giant’s total workforce. In the document, the company states that the job loss is part of a planned reduction in operating expenses, “in response to the economic […] Learn more about your ad choices. Visit podcastchoices.com/adchoices