Uber Technologies Inc. was once a poster child for Silicon Valley’s unchecked ambition. As recently as this year, the company was promising to usher in a self-driving revolution and popularize flying cars.
But Uber now says it is slashing 3,000 jobs, sidelining extraneous projects and shuttering dozens of offices after the spread of the coronavirus slammed its ride-hailing business.
The latest round of job cuts at the company brings the total since the start of the pandemic to 6,700, including thousands of layoffs earlier this month in customer support and human resources. The staff reductions now represent about a quarter of Uber’s workforce.