Uber Freight will cut 150 people, which is about 3% of the division’s headcount.

uber Freight lays off 150 employees. This represents approximately 3% of the segment’s total workforce.

The layoffs affect the CEO of Uber Freight, the division’s digital brokerage team. Lior Long said Monday in a message seen by CNBC.they are the first layoffs 2020 and beyondthe early weeks of Covid lockdown.

uber launched cargo unit Back in 2017, it had the belief that it could use the same concept that underpinned the company’s ride-hailing technology to match trucking companies with laden goods. The unit reported $1.8 billion in revenue in the third quarter of 2022, up 336% year over year.

“As you know, the logistics market is currently facing a number of headwinds that are not only affecting the industry as a whole, but also our customer base,” Ron told employees. We accelerated employment in certain areas and planned for different economic realities, but the amount did not materialize as expected.”

Uber CEO Dara Khosrowshahi said: last week Speaking at the World Economic Forum in Davos, he said he had no plans for company-wide layoffs.

the cut continues much deeper Technician dismissal so alphabet, meta, Amazon, microsoft and Twitter. In November, delivery service DoorDash laid off 1,250 workersor 6% of that number, weeks after ride-hailing platform Lyft cut 13% of head count.

dismissal employee “It will be an extension and support for your departure package, including retirement benefits, extended medical coverage, bonus payments for 2022, relocation, career support, and immigration services where applicable,” Ron said.

Uber will release full-year 2022 earnings on February 8.

https://ift.tt/MPHKTZW Uber Freight will cut 150 people, which is about 3% of the division’s headcount.

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