Uber to cut 200 jobs, divisions impacted 

Cab-hailing service Uber Technologies has said that it is cutting 200 jobs. The company said that layoffs will impact its recruitment division. It further said that 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 latest cuts account for 35% of Uber’s recruiting team. According to the Wall Street Journal, which first reported the development.

Hiring freeze

Though Uber did not say that it is going for a hiring freeze, the company did say that it plans to keep the employee count flat through the year and streamline costs.

Second round of job cuts

Uber trimmed its workforce count by 17% at the start of the pandemic in mid-2020 and has implemented smaller cuts than chief rival Lyft in recent months. Uber said in May it was on track to post operating income profitability this year. And that it was keeping its workforce flat after headcount fell sequentially in the March quarter.

Grab cuts 1000 jobs

Earlier this week, Singapore ride-hailing firm Grab said that it is cutting over 1,000 jobs or 11% of its workforce to cut costs and keep the company competitive. In its biggest round of job cuts since the pandemic. Grab CEO Anthony Tan said in a letter sent to employees late Tuesday that the job cuts were not a “shortcut to profitability”. But part of a fundamental restructuring of its operating model and costs.

Grab is reportedly dealing with slowing growth, amid higher inflation rates and costs of living, as well as stiff competition from rivals such as GoTo. Its gross merchandise value. Which calculates the total dollar value of transactions by Grab users – rose just 3% for the quarter. Spending per user was down 4% compared to the same time last year.

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