Uber subsidiary Careem to slash workforce by 31%, suspends bus transport app

Uber subsidiary Careem to slash workforce by 31%, suspends bus transport app

4 years ago
Anonymous $jLg5ANTo37

https://techcrunch.com/2020/05/04/uber-subsidiary-careem-to-slash-workforce-by-31-suspends-bus-transport-app/

Careem, the Dubai-based ride-hailing and delivery company that was acquired by Uber last year, is cutting its workforce by 31% and suspending its mass transportation business due to affects from the COVID-19 pandemic.

The layoffs will affect more than 530 employees. Employees who are laid off will receive at least three months severance pay, one month of equity vesting, and where relevant, extended visa and medical insurance through the end of the year, according to the company’s blog post announcing the reductions.