The coronavirus crisis is causing a lot of people for many different companies around the world. Uber, the ride-sharing company, will effectively lay off nearly 4,000 employees as a result of the ongoing crisis.
It is interesting to see how different companies handle the coronavirus crisis.
Major Uber Layoffs Were Expected
Most firms have found ways to circumvent the real impact of COVID-19.
For others, it is not an easy situation by any means.
Uber, for example, is seemingly forced to make a very difficult decision.
As such, the company has confirmed it will lay off 3,700 employees due to the coronavirus crisis.
This pertains to full-time employees, which represents 14% of its workforce.
Company segments affected include the customer support and recruiting teams.
For the company, there has been a notable decline in the amount of trips being booked through its platform.
As the amount of work is reduced on the platform,there is less work for customer support and recruiting officers.
Since no one knows how long the coronavirus recovery process will take, cutting jobs is apparently the only other possible course of action.
All of this comes on the heels of Uber attempting to cut costs and avoid mass layoffs.
Unfortunately, it appears that those previous efforts were insufficient.