Uber Cuts 3,700 Jobs, Says CEO Waives Salary Amid Coronavirus Pandemic

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Uber Cuts 3,700 Jobs, Says CEO Waives Salary Amid Coronavirus Pandemic
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Uber is cutting about 3,700 workers as it looks to reduce costs amid a falloff in rides during the pandemic

Uber Technologies Inc. is cutting about 3,700 workers as the ride-hailing service looks to reduce costs amid the coronavirus pandemic that has led to a dramatic fall off in rides.

The San Francisco-based company revealed the job cuts Wednesday in a filing with the Securities and Exchange Commission a day ahead of reporting first-quarter financial results. The terminations, which affect the customer support and recruiting teams, will likely result in $20 million in severance and other benefit costs, the company said.

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