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

Sights & Sounds: The 2025 Fresno Rainbow Pride Parade and Festival

Republican Congressman Green to Resign After Tax Bill Vote

14 hours ago

UN Says Most Flour Delivered in Gaza Looted or Taken by Starving People

14 hours ago

The Democrats’ Problems Are Bigger Than You Think

I have a lot of Democratic friends who are extremely disappointed with their party leaders. They tell me that the Democratic Party is curren...

46 minutes ago

46 minutes ago

The Democrats’ Problems Are Bigger Than You Think

14 hours ago

How Much Will Fresno Unified Trustee’s Steak Dinner Cost After FPPC Fine?

Members of the California National Guard stand guard, as a demonstartion against federal immigration sweeps takes place, outside the Edward R. Roybal federal building, after their deployment by U.S. President Donald Trump, in response to protests, in Los Angeles, California, U.S. June 8, 2025. REUTERS/Mike Blake
14 hours ago

Does US Law Allow Trump to Send Troops to Quell Protests?

Chairman Mark Green (R-TN) speaks as U.S. Homeland Security Secretary Kristi Noem testifies before a House Homeland Security hearing on the Department of Homeland Security (DHS) budget, on Capitol Hill in Washington, D.C., U.S., May 14, 2025. REUTERS/Anna Rose Layden/File Photo
14 hours ago

Republican Congressman Green to Resign After Tax Bill Vote

A view of an aid truck entering from Israel into Gaza, near the Kerem Shalom crossing near the Israeli-Gaza border, May 21, 2025. REUTERS/Amir Cohen/File Photo
14 hours ago

UN Says Most Flour Delivered in Gaza Looted or Taken by Starving People

The European Union is confident it will avoid harsh economic fallout from a U.S. Senate bill proposing 500% tariffs on importers of Russian energy, citing its ongoing efforts to phase out such imports. (Shutterstock)
14 hours ago

EU Confident It Will Avoid 500% US Tariffs Tied to Russian Energy Imports

President Donald Trump speaks during an Invest America Roundtable in the State Dining room, at the White House, in Washington, U.S., June 9, 2025. REUTERS/Evelyn Hockstein
14 hours ago

Trump Says Iran Is Involved in Gaza Hostage Negotiations

15 hours ago

First the National Guard, Will the Marines Be Next at LA Riots?

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

Search

Send this to a friend