Uber Can Fire 700 Indian Employees After #Lockdown Is Lifted; 25-30% Employees In India Face Job Loss
The multinational ride-hailing company, Uber, is planning to fire 500 to 700 of its employees in India, blaming it on the extension of the lockdown.
The lockdown has been imposed in the country since the end of March and has been extended for the third time now. All operations have been suspended in the country and transportation was the first one to go under.
Find out more about Uber’s decision of firing people right here.
Uber To Fire 500 to 700 Employees in India
The news has come from sources that are close to the development. The lockdown has suspended all modes of transportation, be it intercity or intracity, hampering operations, revenue, and profits of cab hailing companies.
Uber has reacted to this by announcing a lay off of 500 to 700 employees in India. The company announced that they will be firing 25% to 30% of its overall workforce in India. As of now, the company employs 2000 people from India.
One of the sources said, “The company is set to lay off up to 700 people in India. The decision has been almost final and likely to be announced when lockdown will get lifted. With this, Uber would be laying off about 25-30% of its overall workforce in India.”
In addition to that, Uber has plans to reduce its workforce in the customer support and recruiting teams. As per a US Securities and Exchange Commission filing dated May 2, as much as 3,700 people are to be laid off, which is 14% of Uber’s total workforce, as there is a huge decline in the number of rides due to the lockdown.
In fact, Uber CEO Dara Khosrowshahi has notified its employees to expect a lay off in the very recent future. ‘
Firing To Be Announced After Lockdown Ends To Follow Government’s Directives
A source has revealed that the ride hailing company will be announcing this lay off after the lockdown is lifted, only because the Government has aksed companies not to fire anyone in this period, which is quite a sly move.
He said, “Since the government had requested companies not to lay off employees amid the Covid-19 crisis, Uber is delaying the announcement of the layoff in India.”
Uber has been severely impacted by the lockdown, and has had to suspend the operations of Uber Eats, the company’s online food delivery platform in multiple countries, including Czech Republic, Honduras, Egypt, Romania, Ukraine, Saudi Arabia, and Uruguay.