UBER

Coronavirus forces Uber to cut 3,700 jobs

 

Popular ride-hailing taxi company Uber has announced it's sadly cutting 3,700 jobs, Uber is the next big business to become a casualty of the COVID-19 pandemic. Due to the pandemic and government-imposed lockdowns that have been put in place in many countries, consumer behaviour is changing and customers are using taxi services less frequently.  This sharp fall in demand directly contributed to the job cuts and the immediate goal of the San Francisco based Uber, is to quickly reduce it's operating expenses.


Additionally, Uber CEO Dara Khosrowshahi has also decided to forfeit his salary for the rest of the year. This latest news comes just a year after Uber's IPO which valued Uber at over $82 BN, it is unknown how long the recovery from the COVID-19 pandemic will take.

Global News Team

May 6, 2020

MOST POPULAR, TRENDING:

Virgin Atlantic may not reopen in Gatwick Airport

 

Virgin Atlantic have found recent months extremely difficult with majority shareholder and founder Richard Branson calling on the government to step in and help the troubled airline. 51% of Virgin Atlantic is owned by the Virgin Group with the remaining 49% owned by Delta Air Lines.  The airline is also moving its operations from Gatwick to Heathrow. As a result, over 3,000 jobs will be cut as demand for air travel has fallen to its lowest levels in decades. Many countries are currently unsure as to when and how to reopen their borders post-COVID-19. However, the airline have indicated that they will still keep their slots in Gatwick and they may return to Gatwick based on demand.

United Kingdom News Team

May 5, 2020

VIRGIN ATLANTIC

Technology News Team

WhatsApp turns attention to mobile digital payments ecosystem

 

Starting with Brazil, WhatsApp has launched a payments service to allow its users to send mobile payments quickly and conveniently using WhatsApp. The Facebook company recently announced that individuals and businesses in Brazil will now be able to send payments through the popular messaging app. Initially, only businesses will be charged for using the service and additional authentication measures will also be put in place to ensure the security of the payments. In the future, WhatsApp will be looking to expand the mobile digital payments service to other countries.

WHATSAPP

June 16, 2020