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uber/lyft

Uber’s Middle East Subsidiary Cuts 31% of Staff; Uber Eats Shuts Down in 7 Markets

By
Amir Efrati
· · Source: The Information

In a harbinger of what’s to come for Uber, the company’s recently acquired subsidiary based in the United Arab Emirates said Monday it cut 536 employees, or 31% of its total staff. The move by the subsidiary, Careem, came after its ride-hailing business dropped by “more than 80%” amid the Covid-19 pandemic and “the recovery timeline is alarmingly unknown,” CEO Mudassir Sheika said in a blog post...

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