San Francisco-based Uber announced Wednesday morning that they have plans to lay off 3,700 full-time workers.
The company said it's laying off the workers to "reduce its operating expenses in response to the economic challenges and uncertainty resulting from the COVID-19 pandemic and its impact on the Company's business."
The cuts will come in the corporation's customer support and recruiting teams. In connection with these actions, the Company estimates that it will incur approximately $20 million related to severance and other termination benefits.