Uber to Lay Off 200 Employees in Recruitment Division to Cut Costs and Streamline Operations

Uber Technologies said on Wednesday it was cutting 200 jobs in its recruitment division amid plans to keep the staff count flat through the year and streamline costs.

The reductions affect less than 1 percent of Uber's 32,700-strong global workforce and follow the ride-share company laying off 150 employees in its freight services division earlier this year.

The latest cuts account for 35 percent of Uber's recruiting team, according to the Wall Street Journal, which first reported the development earlier in the day.

Uber trimmed its staff count by 17 percent at the start of the pandemic in mid-2020 and has implemented smaller cuts than chief rival Lyft in recent months.

Lyft, under new CEO David Risher, laid off roughly 26 percent of its total workforce in April and about 700 employees late last year, as it struggled to protect margins in the race to capture more market share from bigger rival Uber.

Uber said in May it was on track to post operating income profitability this year and that it was keeping its workforce flat after headcount fell sequentially in the March quarter.

© Thomson Reuters 2023

---

Apple unveiled its first mixed reality headset, the Apple Vision Pro, at its annual developer conference, along with new Mac models and upcoming software updates. We discuss all the most important announcements made by the company at WWDC 2023 on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

from Gadgets 360 https://ift.tt/sB4doiV