(Fighting against New Crown Pneumonia) San Francisco Bay Area companies announced layoffs of 3,700 Uber employees
China News Agency, San Francisco, May 6 (Xinhua, U.S.-based taxi service company Uber said on the 6th local time that the company will lay off 3,700 people, and CEO Dara Kosrossi will give up the basic salary for the rest of the year.
On May 4, local time, citizens of the San Francisco Bay Area enjoyed sunshine on the trails of Sawyer Camp in San Mateo County.
US Consumer News and Business Channel reported that the number of layoffs accounted for about 14% of its total employees. Kosrossasi ’s basic salary in 2019 is $ 1 million, but most of his salary comes from bonuses and stock awards.
Cosrosassi hinted in a memo to employees that day that the company was cutting costs further. He said: "We are studying the various situations of the entire company, as well as various variable and fixed costs. We hope to retain as many excellent talents as possible, and respect and support everyone." He said that Uber will Update the final information for employees within a week.
Uber's stock fell 4% that day, and fell 0.9% at the end of the trading day.
Uber's competitor, Lyft, a San Francisco-based ride-hailing service company, also announced on April 29 that it will lay off 982 employees and another 288 employees will be temporarily on leave due to the impact of the new coronary pneumonia epidemic. Lyft said the layoffs accounted for 17% of the company's total employees. In addition, Lyft will also implement a 12-week basic wage reduction plan.
"San Francisco Chronicle" reported that Brian Chesky, CEO of San Francisco vacation rental company Airbnb, told employees on the 5th that the company will lay off about 1,900 people due to the impact of the new crown pneumonia epidemic. One quarter.
In addition, San Francisco Bay Area technology companies such as Yelp, Eventbrite, Opendoor, LendingClub, Zenefits, Patreon, GoPro, The RealReal, and VSCO also announced different levels of layoff plans. San Jose ’s Mercury News reported that the California Department of Employment Development documents show that as of April 29, the latest layoffs affected more than 69,000 San Francisco Bay Area employees in April. And in March, employers in 9 counties in the Bay Area announced a layoff of 13,900 people.
Richard Florida, an urban research theorist and professor at the University of Toronto, said: "No one will be spared, and an economic recession or depression will hurt everyone." (End)