{"id":24450,"date":"2020-05-06T16:05:37","date_gmt":"2020-05-06T23:05:37","guid":{"rendered":"https:\/\/lapost.us\/?p=24450"},"modified":"2020-05-06T16:05:37","modified_gmt":"2020-05-06T23:05:37","slug":"uber-to-lay-off-thousands-of-employees","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=24450","title":{"rendered":"Uber to lay off thousands of employees"},"content":{"rendered":"<p>Uber is laying off 3,700 employees as the coronavirus pandemic drives down demand for its service, the company announced Wednesday.<\/p>\n<p>The layoffs in its customer support and recruiting teams account for roughly 15 percent of the ride-hailing giant&#8217;s total workforce, according to recent estimates.<\/p>\n<p>Uber expects to spend approximately $2 million on severance and related termination benefits.<\/p>\n<p>In addition to the layoffs, CEO Dara Khosrowshahi is waiving his base salary for the remainder of 2020.<\/p>\n<p>Uber&#8217;s investors expect to get a clear picture of the company&#8217;s finances when it reports earnings on Thursday.<\/p>\n<p>The coronavirus pandemic has hit the ride-hailing industry hard as many Americans are staying home.<\/p>\n<p>Demand for rides has cratered, leading Lyft to lay off roughly 17 percent of its corporate workforce late last month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Uber is laying off 3,700 employees&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-24450","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/24450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24450"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/24450\/revisions"}],"predecessor-version":[{"id":24451,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/24450\/revisions\/24451"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}