May 18, 2020 - Economy & Business

Uber to cut 3,000 more jobs

Uber CEO Dara Khosrowshahi. Photo: Mike Cohen/Getty Images for The New York Times

Uber CEO Dara Khosrowshahi said Monday in an email to employees that the company is cutting about 3,000 more jobs and closing or consolidating 45 offices to soften the economic blow from the coronavirus pandemic, the Wall Street Journal reports.

Why it matters: Khosrowshahi's announcement comes just two weeks after the company said it would ax about 3,700 jobs and save more than $1 billion in fixed costs. Much of Uber's ride-hailing business has vanished as people stay indoors, even as the company's food delivery sector has seen a boom.

Go deeper: Democrats line up against possible Uber-Grubhub merger

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Marisa Fernandez

Updated Aug 4, 2020 - Health

The states where face coverings are mandatory

Data: Compiled by Axios; Map: Danielle Alberti/Axios

Mississippi Gov. Tate Reeves issued a statewide mask mandate on Tuesday for people in public, as well as teachers and students going back to school.

The big picture: 34 states, in addition to the District of Columbia, have issued some form of a mask mandate as infections surge across the country.

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Kia Kokalitcheva

17 hours ago - Technology

Uber stock drops after Q2 earnings results

Illustration: Sarah Grillo/Axios

Despite beating analyst revenue expectations for Q2, Uber missed earnings predictions and posted an overall drop in its business.

Why it matters: Uber has been hard hit by the coronavirus pandemic as people continue to limit their activities outside the home.

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Rashaan Ayesh

17 hours ago - Health

Majority of Americans say states reopened too quickly during pandemic

Photo: Matt Stone/MediaNews Group/Boston Herald/Getty Images

About 69% of U.S. adults said they worry that states reopened too quickly as the country continues to confront the coronavirus pandemic, according to a national survey released Thursday by Pew Research Center.

The big picture: Almost three-quarters of American adults said the economy would fare better if the government focused on reducing infections so consumers were more comfortable visiting restaurants and retailers. Roughly six in 10 respondents said the U.S.'s response to the pandemic has been less effective compared to other wealthy nations around the world.

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