Uber Technologies Inc. is reportedly laying off around 200 employees who belong to the recruiting team. The termination will affect less than one percent of its workforce.
This latest job cut at Uber is said to be the latest in the recent layoffs that occurred across the company in recent months. According to The Wall Street Journal, the reduction of staff was announced on Wednesday. June 21, through a memo that was sent out to the employees.
While this only affects a very small portion of Uber’s total number of workers, it is equivalent to 35% of the entire recruiting unit. The ride-hailing and food delivery company employs about 32,000 around the world, and this figure does not even include drivers as they are not considered staff.
In any case, the decision also comes just a few months after the company’s chief executive officer, Dara Khosrowshahi, said that the management will look to performance reviews to lay off staff instead of issuing formal job terminations.
It was in February this year when the CEO declared that rather than cutting workers off, Uber will carry out even more rigorous performance reviews. She explained that through this method, they will be able to eliminate poor-performing staff, but the publication pointed out that with these layoffs, it appears that Uber is changing its course.
“With attrition being low, the size of the talent acquisition team needs to be rightsized to our hiring strategy and set the business up for ongoing success,” Nikke Krishnamurthy, Uber’s chief people officer, said in the memo that was read by TWSJ.
Reuters reported that the ride-share company also terminated 150 workers in its freight services unit earlier this year. Meanwhile, its rival, Lyft, also implemented job cuts but were significantly smaller compared to Uber. Under its new chief, David Risher, it only laid about 26% of its total workforce this year.
Photo by: Viktor Avdeev/Unsplash


Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 



