Uber, the global cab service startup, has announced its plans to lay off 35 percent of its workforce. Maximum number of the employees to be laid off are from the recruitment department. Uber has justified this lay off as a cost-cutting measure. Similarly, several other startups have laid off their employees stating the same reason.
Uber has had a tremendous growth in the recent years, and the company has continued to bring in innovations. Uber is now looking to streamline its operations by putting more of the capital into the services and resources.
With these layoffs, Uber’s employees have been affected, and the company will further assist the employees to find another job and financial support during the transition period. The company has laid off about 200 of its employees.
The startup is focused on its long-term vision of transforming the way people travel and of revolutionizing urban transportation. With this strategic adjustment to its workforce, Uber seeks to emerge stronger and more resilient in the face of industry challenges.
