I am a breaking news reporter for Forbes in London, covering Europe and the U.S. Previously I was a news reporter for HuffPost UK, the Press Association and a night reporter at the Guardian. I studied Social Anthropology at the London School of Economics, where I was a writer and editor for one of the university’s global affairs magazines, the London Globalist. That led me to Goldsmiths, University of London, where I completed my M.A. in Journalism. Got a story? Get in touch at [email protected], or follow me on Twitter @bissieness. I look forward to hearing from you.
Uber is the latest major company to announce sweeping job cuts amid the coronavirus crisis. With 3,700 job cuts while CEO Dara Khosrowshahi is waiving his base salary for the rest of 2020.The ride-hailing app said in a stock market filing that it planned to “reduce its operating expenses in response to the economic challenges and uncertainty resulting from the COVID-19 pandemic and its impact on the company's business.
The cuts, which make up 14% of its workforce, are landing in the company’s customer service and recruitment teams, due to “lower trip volumes in its rides segment and the company's current hiring freeze.” Khosrowshahi is waiving his base salary, according to the SEC filing. His base salary was about $1 million in 2019, CNBC reports.The news comes a day after AirBnB CEO Brian Chesky announced the company isUber rival Lyft last week said it would cut 17% of its workforce.In a note to employees, Khosrowshahi wrote: “Days like this are brutal. I am truly sorry that we are doing this, just as I know we have to do this.
He added that the company would give a further, final update in two weeks’ time, and that the company was looking at “many scenarios”, hinting that more cuts could come.Uber’s bookings have plummeted as lockdowns and travel restrictions around the world have dented demand for its ride-hailing service. Earlier this week, the company shed its Uber Eats business in seven markets including Saudi Arabia, Honduras and Romania, in a bid to cut costs.in the U.S.
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California Sues Uber, Lyft For Not Making Drivers EmployeesI’m a San Francisco-based reporter covering breaking news at Forbes. I’ve previously reported for USA Today, Business Insider, The San Francisco Business Times and San Jose Inside. I studied journalism at Syracuse University’s S.I. Newhouse School of Public Communications and was an editor at The Daily Orange, the university’s independent student newspaper. Follow me on Twitter rachsandl or shoot me an email rsandlerforbes.com.
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