Following Lyft, Uber Is Now Laying Off 14% of Its Employees

As part of its expense management efforts, Uber had already implemented a hiring freeze in March as the coronavirus outbreak intensified and governments started to enforce stay-at-home orders and other lockdowns. Additionally, CEO Dara Khosrowshahi has also agreed to forgo the rest of his base salary for the year in order to further reduce costs, effective May 2. In an internal memo obtained by CNBC, Khosrowshahi said the need for customer support is "down substantially" due to trip volumes plummeting, while the hiring freeze meant that recruiters have no work.