Apr 28, 2020 - Economy & Business

Uber is said to mull major layoffs as CTO exits

An illustration of an Uber self-driving car with a boot

Illustration: Lazaro Gamio/Axios

As people continue to stay home amid the coronavirus pandemic, leadership at Uber is discussing potentially laying off as much as 20% of the company's workforce, according to The Information. The company's chief technology officer, Thuan Pham, has also recently resigned, Uber confirms.

The big picture: Though Uber's food delivery business is experiencing a boom as restaurants seek to remain afloat, much of its ride-hailing business has dissipated — dipping 60–70% in Seattle during the height of the city's outbreak, for example.

  • The company also recently withdrew its financial forecast for the rest of the year, signaling it anticipates its business to be affected for months to come.

Per a spokesperson: "As you would expect, the company is looking at every possible scenario to ensure we get to the other side of this crisis in a stronger position than ever."

Go deeper: The gig economy's coronavirus test

Go deeper