Home / India News / Uber trims a quarter of its India workforce, lays off 600 employees

Uber trims a quarter of its India workforce, lays off 600 employees

The move is part of a global restructuring plan announced earlier by Uber CEO Dara Khosrowshahi in view of dwindling fortunes amid Covid-19 lockdowns in several countries, including India

As much as 60 per cent of millennials are interested to work as gig workers. (Photo: Bloomberg)

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The retrenched employees would be paid 10 to 12 weeks of salary, besides medical insurance coverage for the next six months and outplacement support, the company said

Surajeet Das Gupta Samreen Ahmad New Delhi/Bengaluru

4 min read Last Updated : May 27 2020 | 5:52 AM IST

Uber India on Tuesday announced that it was laying off about 600 employees, or a quarter of the 2,400-strong workforce, with the ride-hailing firm’s business taking a massive hit owing to the Covid-19 pandemic.

With this, four SoftBank-invested start-ups (where it has invested directly in India or in the global company) now constitute over 60 per cent of the 11,000 lay-offs announced by high-growth start-ups in the country amid the Covid outbreak and consequent lockdown.

Major affected companies in which SoftBank has invested include Uber, its rival Ola, hospitality giant Oyo, and co-working player WeWork.

Ola had recently announced the

Topics : Coronavirus Lockdown Uber India job cuts Dara Khosrowshahi Ola cab aggregators layoff

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