Uber is cutting 3,700 full-time workers, and its CEO will give up his base salary with the nation largely still in lockdown.
»MORE: Uber, Lyft customers begin paying sales tax in Georgia
The San Francisco company said Wednesday the layoffs and related costs including severance will reach about $20 million.
Credit: Seth Wenig
Credit: Seth Wenig
Uber Technologies Inc. had already imposed a hiring freeze and has offered up to 14 days of financial assistance to drivers and delivery workers who were diagnosed with COVID-19 or placed in quarantine.
»COMPLETE COVERAGE: CORONAVIRUS
Chief Executive Dara Khosrowshahi will waive his base salary through year-end.
The company, which is scheduled to report quarterly financial results after the bell Thursday, said it is evaluating other cost cuts.
»MORE: Stocks open higher on Wall Street as nations ease lockdowns
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