Again in 2018 when Uber merged with its rival Seize, Singaporeans thought that its chapter in Singapore has closed for good.
Reality is, they by no means actually left Singapore — at the very least by way of working a headquarters.
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The truth is, it unveiled its new Asia Pacific Regional Hub at Frasers Tower within the coronary heart of Tanjong Pagar to native media (us, included) in April final 12 months.
Uber clarified then that “Singapore is a non-operational market” for them, and that the hub manages operations in 9 regional international locations, together with Japan, Hong Kong, Taiwan, India and Australia.
Quick ahead to at present (Might 19), Uber introduced that it is going to be transferring out of its APAC headquarters in Singapore inside the subsequent 12 months as its enterprise has been badly impacted by the Covid-19 virus outbreak.
The hub, which is dwelling to 165 Singapore workers, will shift to a different place within the area. Uber didn’t additional elaborate on this.
Past this upcoming closure nonetheless, Uber can even be shedding about 3,000 extra folks globally and halt a few of its investments which can be unrelated to its core companies of ride-hailing and supply.
That is its second lower this month. On Might 6, Uber had axed about 3,700 full-time staff from buyer assist and recruiting groups.
The primary spherical of layoff had incurred the agency about US$20 million in prices associated to severance and different termination advantages.
Coupled with the most recent spherical of layoffs, international headcount might be slashed by a few quarter.
“Given the dramatic affect of the pandemic, and the unpredictable nature of any eventual restoration, we’re concentrating our efforts on our core mobility and supply platforms and resizing our firm to match the realities of our enterprise,” stated Dara Khosrowshahi, CEO of Uber.
“As I stated to our groups at present, we’re making these arduous decisions now in order that we are able to transfer ahead and start to construct once more with confidence.”
Featured Picture Credit score: Uber