Uber is cutting 3,000 more jobs less than two weeks after an initial round of layoffs, CNBC confirmed Monday.
In an email to employees Monday, CEO Dara Khosrowshahi said Uber would also be shutting or consolidating 45 offices around the world and it is considering cuts to other businesses, such as freight.
Uber shares were up as much as 9% on the news, which was first reported by The Wall Street Journal. The stock ended the day up 3.5%.
“Our balance sheet is strong, Eats is doing great, Rides looks a little better, maybe we can wait this damn virus out…I wanted there to be a different answer,” Khosrowshahi told employees in the email. “Let me talk to a few more CEOs…maybe one of them will tell me some good news, but there simply was no good news to hear. Ultimately, I realized that hoping the world would return to normal within any predictable timeframe, so we could pick up where we left off on our path to profitability, was not a viable option.”
Uber’s last round of cuts, on May…
