What Uber CEO Khosrowshahi said on layoffs

What Uber CEO Khosrowshahi Said About Layoffs (Courtesy of Uber)

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At the World Economic Forum Davos 2023, Uber CEO Dara Khosrowshahi shared his views on the layoffs on Thursday. At a time when several global companies are laying off workers as part of cost-cutting measures, Uber CEO Dara Khosrowshahi says he is not planning company-wide layoffs.
Khosrowshahi’s statement comes after several IT companies, including Twitter, Amazon and Microsoft, decided to hand out pink slips to their employees. 2023 started with many layoffs, including laying off more than 35,000 employees.

Uber’s CEO said the ride-sharing and booking company has been working for months to cut costs compared to other companies, according to Reuters. He made the comments at a Wall Street event on the sidelines of the World Economic Forum’s annual meeting.

He added that over the next 12 to 15 years, nearly 20% of Uber’s fleet could be self-driving. Khosrowshahi’s also said it is interested in discussing dedicated vehicles for ride-sharing with manufacturers.

Meanwhile, e-commerce giant Amazon has launched new job cuts, laying off more than 18,000 people. According to media reports, Amazon initiated its first layoffs last November and is now starting to notify employees affected by the new layoffs.

Earlier this month, CEO Andy Jassy announced that “between the headcount reductions we made in November and the headcount reductions we shared today (January 5th), we will be eliminating just over 18,000 roles.” Amazon announced his 10,000 layoffs in November.

Similarly, software giant Microsoft announced Wednesday that it will lay off about 5% of its workforce. CEO Satya Nadella said the company has decided to cut 5% of its workforce or 10,000 employees by the end of the third quarter of its fiscal year 2022-23 (FY23) as it prepares for the recession. said.

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