Uber Technologies Inc will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will forgo his base salary for the remainder of the year, the company said on Wednesday, as the COVID—19 pandemic decimates its ride-hailing business.
The company said the layoffs included its customer support and recruiting teams, and expects to incur about $20 million in costs for severance and related charges.
