Global cab services giant Uber has reportedly reduced the number of its employees in India by 10-15 per cent.
New Delhi, Oct 16: Global cab services giant Uber has reportedly reduced the number of its employees in India by 10-15 per cent.
According to an Economic Times report, this was part of a global retrenchment drive which was announced last Monday.
Economic Times quoted Uber officials as saying that the terminations will impact all of the businesses in India, including its online food-delivery service UberEats.
The San Francisco-based company, which has 350-400 employees in India, had emailed employees saying it terminate 350 people across the world. Around 70 per cent of these terminations took place in the United States and Canada.
“Conference rooms were booked in the Gurgaon office in preparation of the firings,” an Uber official was quoted as saying by Economic Times.
Uber's Indian arm reportedly yields around 2 per cent of the company’s global revenue, but contributes to a large part of its expenses.
This makes Uber India a target for cost-cutting and retrenchments, an official was quoted as saying.
Photo: Google Image