04/12/2020

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After Ola’s downsizing, Uber India lays off 600 employees, Auto News, ET Auto

The transfer will come in view of the world restructuring plan introduced previously by Uber...

The move comes in view of the global restructuring plan announced earlier by Uber Chief Executive Dara Khosrowshahi to deal with the company’s stressed fortunes amid lockdowns in several countries, including India.
The transfer will come in view of the world restructuring plan introduced previously by Uber Chief Govt Dara Khosrowshahi to deal with the company’s stressed fortunes amid lockdowns in a number of international locations, like India.

New Delhi: Uber India on Tuesday introduced it was laying off 600 staff members, nearly a quarter of its full 2,400 workforce in India as Covid-19 hits trip-hailing companies businesses.

The retrenchment is across numerous segments like shopper and driver help, organization development, legal, finance, coverage and marketing and advertising verticals. The affected staff members would be paid 10 to 12 weeks of salary, other than healthcare insurance coverage for the up coming six months and outplacement help, the organization reported.

These staffers would also be allowed to retain their laptops and presented the choice of signing up for the Uber expertise directory.

“Today is an amazingly unhappy working day for colleagues leaving the Uber family and all of us at the organization. We created the selection now so that we can look to the long term with self-confidence. I want to apologise to departing colleagues and increase my heartfelt thanks to them for their contributions to Uber, the riders, and the driver-associates we provide in India,” reported Pradeep Parameswaran, Uber president for India and South Asia, confirming the development.

The transfer will come in view of the world restructuring plan introduced previously by Uber Chief Govt Dara Khosrowshahi to deal with the company’s stressed fortunes amid lockdowns in a number of international locations, like India.

In an previously letter to its personnel, Khosrowshahi experienced pointed out, “With the actuality of our rides excursions volumes getting down substantially, our require for interaction functions as nicely as in-individual help is down substantially. And with our employing freeze, there just is just not adequate perform for recruiters.”

Last week, the firm’s rival Ola also introduced that it was laying off above one,400 staff members, all around 35 % of its full workforce in the nation.