Uber fires 600 employees in India, a quarter of its workforce

Uber's logo is pictured at its office in Bogota, Colombia, December 12, 2019. REUTERS/Luisa Gonzalez/Files

Ride-hailing company Uber has laid off 600 employees in India, about 25% of its total workforce in the country. The job cuts come from across the segments, including customer and driver support, business development, legal, finance, policy and marketing verticals.

Uber has announced that affected employees will be provided with 10-week payout and medical insurance coverage for the next six months.

“The impact of Covid-19 and the unpredictable nature of the recovery has left Uber IndiaSA with no choice but to reduce the size of its workforce. Around 600 full time positions across driver and rider support, as well as other functions, are being impacted. These reductions are part of previously announced global job cuts this month,” Pradeep Parameswaran, President, Uber India and South Asia said.

‘Today is an incredibly sad day for colleagues leaving the Uber family and all of us at the company. We made the decision now so we can look to the future with confidence. I want to apologize to departing colleagues, and extend my heartfelt thanks to them for their contributions to Uber and the riders and driver partners we serve in India.”

“Each will receive a minimum 10 weeks payout, medical insurance coverage for the next six months, outplacement support, be allowed to retain their laptops and given the option to join the Uber talent directory,” Parameswaran said.

Last week, Uber’s competitor in India, Ola had also announced that it was laying off over 1,400 employees, around 35% of its total workforce in the country.

Uber has fired a total of 6,700 total employees worldwide. With this, 25 per cent of its global workforce is now out of job.

The article was first published on livemint.com

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.