Please ensure Javascript is enabled for purposes of website accessibility
Uber to Lay Off 3,700 Workers and CEO to Waive Salary
gvw_ap_news
By Associated Press
Published 5 years ago on
May 6, 2020

Share

NEW YORK — Uber is cutting 3,700 full-time workers and its CEO will give up his base salary with the nation largely still in lockdown.

The San Francisco company said Wednesday that the layoffs and related costs like severance will reach about $20 million.

Uber Technologies Inc. had 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 cost cuts.

RELATED TOPICS:

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

UP NEXT

NPR Sues Trump Administration Over Executive Order to Cut Funding

Trump to Pardon Reality TV’s Todd and Julie Chrisley After Tax Evasion Conviction

12 hours ago

Westlands Leader Calls Slight Water Boost ‘Disappointing’

14 hours ago

High School Dropout to Five Decades in Congress: Charles Rangel Dies at 94

NEW YORK — Former U.S. Rep. Charles Rangel of New York, an outspoken, gravel-voiced Harlem Democrat who spent nearly five decades on Capitol...

12 hours ago

Charles Rangel Obituary
12 hours ago

High School Dropout to Five Decades in Congress: Charles Rangel Dies at 94

Sean "Diddy" Combs stands as he is arraigned on a superseding indictment ahead of his May trial on sex trafficking charges, in New York, U.S., March 14, 2025, in this courtroom sketch. (REUTERS/Jane Rosenberg?/File Photo)
12 hours ago

A Former Aide Says Sean ‘Diddy’ Combs Kidnapped Her in a Plot to Kill Kid Cudi

12 hours ago

RIP Local Broadcast Legend Marv Allen, 80, Longtime Voice of KVPR

Todd Chrisley (2nd L) speaks next to his wife Julie (L) and their kids Chase and Savannah at a panel for the USA television series "Chrisley Knows Best" during the Television Critics Association Cable Summer Press Tour in Beverly Hills, California July 14, 2014. REUTERS/Mario Anzuoni/File Photo
12 hours ago

Trump to Pardon Reality TV’s Todd and Julie Chrisley After Tax Evasion Conviction

14 hours ago

Westlands Leader Calls Slight Water Boost ‘Disappointing’

U.S. Senator Tommy Tuberville (R-AL) speaks at the Conservative Political Action Conference (CPAC) annual meeting in National Harbor, Maryland, U.S., February 22, 2024. REUTERS/Amanda Andrade-Rhoades/File Photo
14 hours ago

Republican Tuberville Announces Bid for Alabama Governor

Residents walk by power grid towers at Bair Island State Marine Park in Redwood City, California, United States, January 26, 2022. REUTERS/Carlos Barria/File Photo
14 hours ago

PG&E Sees Surge in AI Data Center Interest With Fresno Area Emerging as New Hotspot

Salesforce Tower in New York
15 hours ago

SF-Based Salesforce Is Buying Informatica in $8 Billion Deal

Help continue the work that gets you the news that matters most.

Search

Send this to a friend