Uber's Middle East business Careem cuts 31% of workforce - Reuters:
Uber Technologies’ Careem subsidiary said on Monday it was cutting 536 jobs this week, representing 31% of the Dubai-headquartered company’s workforce.
The announcement came hours after Uber said it was shuttering its Eats delivery business in several markets, including the Middle East, and laying off dozens of staff.
Careem, which operates ride-hailing and delivery businesses primarily in the Middle East, said it was prioritising the security of the company and that parent Uber continued to believe in its business model and was committed to the region.
“As we have discussed several times in the last few weeks, the crisis brought on by COVID-19 has put our dream and future impact at significant risk,” Chief Executive Mudassir Sheikha said in a blog on Careem’s website.
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