About: http://data.cimple.eu/news-article/d1a4582172932a289bcc3c288f0c92667305532ccf42ad44324c8c97

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About: http://data.cimple.eu/news-article/d1a4582172932a289bcc3c288f0c92667305532ccf42ad44324c8c97 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Uber said Wednesday it was cutting 3,700 jobs amid a huge slump in its ride-hailing operations during the pandemic. The cuts amount to around 14 percent of Uber's global workforce, which does not include its contract drivers. The company made the announcement in a regulatory filing, which also said chief executive Dara Khosrowshahi would waive his base salary for the remainder of the year. The move comes a day ahead of Uber's earnings report, and follows a 17 percent staff cut by its US rival Lyft. "Today's cost cutting move ahead of tomorrow's earnings is a painful, but unfortunately a necessary, move for Dara & co. to make in this unprecedented COVID-19 environment," said Daniel Ives at Wedbush Securities. "On the other side of this dark valley, the Uber business model will likely look a lot different for the next few years (at least) and the company must rationalize costs and a smaller operation to focus on attaining profitability in this 'new normal' backdrop." vog-rl/ft
schema:headline	Uber cuts 3,700 jobs amid pandemic slump
schema:mentions	Lyft Uber Pandemic Severe acute respiratory syndrome coronavirus 2 Sandara Park Wedbush Securities Dara Khosrowshahi The Cuts The Move
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-06 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	79 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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