Uber Technologies is planning layoffs that would eliminate approximately 200 jobs in its recruitment division amid plans to keep the staff count flat through the second quarter of 2023 and streamline costs. The reductions affect less than 1% 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 Great Layoff
Uber Technologies is far from being the only company to undergo layoffs amid higher inflation and recession fears in the United States economy. As of the past few months, Facebook’s parent company, “META” reported 11,000 job cuts announced since November and 10,000 announced recently.
Lyft, under new CEO David Risher, laid off roughly 26% 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.
In less than four months countless companies such as Walmart laid off hundreds of workers at five centers, Glassdoor, and Yahoo also eliminated 20% of staff, or 1600 jobs Amazon, Meta, Citigroup, and Twitter just to mention a few have all fired staff to cut excess expenses.
In the banking sector, Citigroup, Bank of America, and Wells Fargo have all also culled jobs so far this year, as have law firms, including Kirkland & Ellis, and Silicon Valley Bank laid off Employees Quietly Before Collapse.
