Left Menu
Development News Edition

UPDATE 1-Uber closing office in downtown Los Angeles

Reuters | Los Angeles | Updated: 19-02-2020 09:47 IST | Created: 19-02-2020 09:43 IST
UPDATE 1-Uber closing office in downtown Los Angeles
Image Credit: Twitter (@Reuters)

Uber Technologies Inc is closing its office in downtown Los Angeles, where the ride-hailing company employs customer support staff, to focus on its bigger locations.

The move was reported earlier on Tuesday by the LA Times newspaper, which also added that the step will result in the elimination of about 80 jobs. An Uber spokesman confirmed the closure in an emailed statement.

The jobs from the office being closed will be shifted to a customer support office of Uber in Manila, the LA Times reported, citing sources and a recording of comments from an Uber manager. Uber did not comment on the job losses mentioned in the report.

Earlier this month, Uber, which is backed by Japanese technology investment giant SoftBank Group Corp, moved forward by a year its target to achieve a measure of profitability to the fourth quarter of 2020 but added it still expects to lose a total of more than $1 billion this year. In the fourth quarter of 2019, the company's total revenue rose 37% to $4.07 billion on a yearly basis while its net loss widened to $1.1 billion from a loss of $887 million a year earlier.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION / BLOG / INTERVIEW

Sanitation post-COVID 19: Tissue paper not in fashion, learn to wash

Tissue paper has failed COVID 19 test. The modern understanding of sanitation is passing through a stage of transformation. Those who used to feel proud of using tissue paper have been compelled to wash frequently their hands with soap. In ...

Globalization post-coronavirus to get a hit, self-sufficiency paradigm to rule

The massive scale of coronavirus outbreak, accompanied by uncertainty and fear, could lead to new behaviors and beliefs in the 21st-century population that is empowered with the internet....

Ayurveda for COVID 19: Professionals owe the responsibility to protect it from quacks and fake news

Indian Ayurveda professionals are lagging behind their foreign counterparts in handling quacks and protecting credentials of the Ayurveda at the time of COVID 19 pandemic. The professionals of Ayurveda cannot abjure the responsibility to co...

Videos

Latest News

Disney+ to make exclusive Middle East debut on OSN

Walt Disney Cos Disney content will be available for the first time in the Middle East and North Africa on regional pay television and online streaming service provider OSN from April 9. Dubai-headquartered OSN has signed a long-term exclus...

NFLPA dismisses Reid's call for new CBA vote

The NFL Players Association strongly refuted an allegation that the newly passed collective bargaining agreement with the league was altered after union members ratified the document last month. In a letter sent Wednesday to all players, as...

Mixed martial arts-Nurmagomedov in quarantine, says Ferguson fight off

UFC lightweight champion Khabib Nurmagomedov says his fight against American Tony Ferguson at UFC 249 is off as he is in quarantine in Russia amid the coronavirus pandemic. Dagestan native Nurmagomedov was scheduled to face Ferguson on Apri...

Australian scientists start testing potential COVID-19 vaccines

Scientists in Australia said on Thursday they have begun testing two potential vaccines for COVID-19 in milestone lab trials. The scientists at the Commonwealth Scientific and Industrial Research Organisation CSIRO said they are testing the...

Give Feedback