Uber Freight cut 150 jobs, roughly 3% of the unit’s workforce

Uber Freight has laid off 150 employees, or about 3% of the segment’s total workforce.

Layoffs affect division’s digital brokerage team, Uber Freight CEO lior ron said the Monday message seen by CNBC. they are the first sorting since 2020In the early weeks of the Covid lockdown.

Uber started its freighter unit in 2017 with the belief that matching trucking companies and loaded goods can be done using the same concepts that underpin the company’s ride-hailing technology. The unit booked $1.8 billion in revenue for the third quarter of 2022, up 336% year-over-year.

“As you know, the logistics market is currently facing a number of disruptions that have affected our customer base as well as the industry as a whole,” Ron told employees. “We accelerated hiring in certain areas of our brokerage business last year, planning for a different economic reality, but volumes did not materialize as expected.”

Uber CEO Dara Khosrowshahi said Last week at the World Economic Forum in Davos that it is not planning companywide layoffs.

cuts run too deep tech layoffs On Alphabet, meta, Amazon, Microsoft, and Twitter. Delivery service DoorDash in November 2022 laid off 1,250 employeesor 6% of its workforce, weeks after ride-sharing platform Lyft cut 13% of its headcount,

laid off employees “An expanded departure package and support will be provided, including severance, expanded health care and 2022 bonus payments, outplacement and career support, and, if applicable, immigration services,” Ron said.

Uber released its 2022 full-year earnings on February 8.

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