FILE PHOTO: A display screen shows the corporate emblem for Uber Applied sciences Inc on the day of its IPO on the New York Inventory Alternate (NYSE) in New York, U.S., Could 10, 2019. REUTERS/Brendan McDermid/File Photograph
(Reuters) – Uber Applied sciences Inc (UBER.N) is closing its workplace in downtown Los Angeles, the place the ride-hailing firm employs buyer assist employees, to give attention to its greater places.
The transfer was reported earlier on Tuesday by the LA Instances newspaper, which additionally added that the step will consequence within the elimination of about 80 jobs.
An Uber spokesman confirmed the closure in an emailed assertion.
The roles from the workplace being closed might be shifted to a buyer assist workplace of Uber in Manila, the LA Instances reported, citing sources and a recording of feedback from an Uber supervisor.
Uber didn’t touch upon the job losses talked about within the report.
Earlier this month, Uber, which is backed by Japanese expertise funding large SoftBank Group Corp (9984.T), moved ahead by a yr its goal to attain a measure of profitability to the fourth quarter of 2020, however added it nonetheless expects to lose a complete of greater than $1 billion this yr.
Within the fourth quarter of 2019, the corporate’s whole income rose 37% to $4.07 billion on a yearly foundation whereas its web loss widened to $1.1 billion from a lack of $887 million a yr earlier.
Reporting by Kanishka Singh in Bengaluru; Modifying by Himani Sarkar and Muralikumar Anantharaman