Layoffs

Zomato Lays Off 500+ Employees
Zomato Lays Off 500+ Employees
May 15, 2020  |  Personnel

Zomato, one of India’s most popular food apps, is downsizing its workforce by 13 percent and cutting pay for its remaining employees due to the...

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Uber Rival Bolt Sidesteps Layoffs Despite Losses
Uber Rival Bolt Sidesteps Layoffs Despite Losses
May 12, 2020  |  Ridesharing

The Estonia-based rideshare unicorn Bolt — Uber’s main competitor in Europe — said it isn’t laying off any workers despite a 75 percent drop in...

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Why Larger Firms May Soon Face The Same (Cash) Pressures As Main Street SMBs
Why Larger Firms May Soon Face The Same (Cash) Pressures As Main Street SMBs
May 11, 2020  |  Loans

The conventional wisdom may be that larger firms — especially public ones — are able to weather the economic storm more adroitly than smaller brethren....

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Optimism Remains Despite Record Jobless Numbers
Optimism Remains Despite Record Jobless Numbers
May 08, 2020  |  Economy

Despite Friday’s (May 8) grim unemployment report, which revealed that the number of Americans who have lost their jobs has quadrupled since February, there is...

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Uber Gears Up For Earnings Report With Layoffs, Lime Investment
Uber Gears Up For Earnings Report With Layoffs, Lime Investment
May 07, 2020  |  Ridesharing

On the surface, it might look like Uber is heading off in two different directions as it readies for its earnings announcement slated for tonight...

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Uber Looks For New Roads To Revenue As Layoffs Hit
Uber Looks For New Roads To Revenue As Layoffs Hit
May 06, 2020  |  Ridesharing

Silicon Valley rideshare giant Uber is reducing its workforce by roughly 14 percent — about 3,700 people — as the coronavirus pandemic and stay-home mandates...

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Uber Slashes 14 Pct Of Workers As Rideshare Requests Plummet
Uber Slashes 14 Pct Of Workers As Rideshare Requests Plummet
May 06, 2020  |  Ridesharing

With social distancing still in effect to varying degrees nationwide, the ridesharing market has slowed virtually to a stop. Consumers staying home have very little...

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Airbnb Says 2020 Revenue Will Be Halved
Airbnb Says 2020 Revenue Will Be Halved
May 05, 2020  |  Retail

Despite an infusion of $2 billion from investors last month, Airbnb said the pandemic has forced the layoff of 1,900 employees, or 25 percent of...

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Uber Revs Up Restart, Will Require US Drivers And Riders To Cover Faces
Uber Revs Up Restart, Will Require US Drivers And Riders To Cover Faces
May 03, 2020  |  Ridesharing

Drivers for Uber will soon be required to wear masks in several countries, including the U.S., the company said. Get the Full Story Complete the...

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