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Business News Metro/State

Uber to lay off 3,700 workers; CEO will waive salary

The company has imposed a hiring freeze and has offered up to 14 days of financial assistance to drivers and delivery workers who need to quarantine.

By  Associated Press
   
SHARE Uber to lay off 3,700 workers; CEO will waive salary
People make their way into the building that houses the headquarters of Uber, Wednesday, June 21, 2017, in San Francisco. CEO Travis Kalanick is out as chief executive, resigning under pressure amid a federal investigation and claims of widespread sexual harassment at Uber.

Uber announced layoffs Wednesday and said it evaluating other cost cuts.

AP file

NEW YORK — Uber is cutting 3,700 full-time workers and its CEO will give up his base salary with the nation largely still in lockdown.

The San Francisco company said Wednesday that the layoffs and related costs like severance will reach about $20 million.

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.

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.

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