Coronavirus Pandemic Forces Big Companies Like Uber, Lyft, Airbnb And More to Layoff Their Employees

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More than 33 million people have lost jobs since the coronavirus pandemic hit the U.S., according to the U.S. Labor Department.

If you think big names from the Silicon Valley are immune to this current crisis, well, you are wrong. 

The ride-hailing company Uber  (UBER) - Get Report announced this week that it was cutting 3,700 jobs, which equals about 14% of its global workforce.

"Due to lower trip volumes in its Rides segment and the Company’s current hiring freeze, the Company is reducing its customer support and recruiting teams by approximately 3,700 full-time employee roles," Uber said in a filing to the Securities and Exchange Commission on May 6.

Uber's rival Lyft  (LYFT) - Get Report has also downsized its workforce. On April 29, the company announced that it was laying off 982 employees and furloughing 288

Airbnb CEO Brian Chesky sent an emotional note to his employees announcing the company's decision regarding 25% layoffs of its workforce on May 5.

"I am truly sorry. Please know this is not your fault," he said. "The world will never stop seeking the qualities and talents that you brought to Airbnb…that helped make Airbnb."

Yelp  (YELP) - Get Report, the company known for giving ratings and reviews to businesses, was also not immune to the pandemic. On April 9, the company announced that it would lay off 1,000 employees and furlough 1,100 more, while reducing hours for others.

While announcing the layoffs, Jeremy Stoppelman, CEO of the company, said, "Today is an awful day for all of us, and especially for our departing colleagues and friends. We sincerely thank you, wish you well and will support you through this challenging transition as best we can."

Watch the video above to see which other companies have let go their employees during this crisis.

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