Lay-offs : Livspace 450+, Uber 3000+, WeWork 100


Uber has cut 3,000 jobs from its workforce, its second major wave of layoffs in two weeks as the coronavirus slashed demand for rides. Will be closing or consolidating 45 offices globally, and almost all departments will be affected by layoffs. The company is closing its Incubator and AI Labs and will pursue strategic alternatives for its job recruiting app, Uber Works, Khosrowshahi said. Where, WeWork India will lay off around 20% of its total 500 employees with effect from June to cut its operational costs after its business hit by the coronavirus outbreak, sources said. Karan Virwani, the CEO of WeWork India According to sources, WeWork India will honour the notice period and also offer severance packages to its employees. The company will continue medical insurance until the end of this year and also offer its coworking centres free of cost. Home design and decor service provider Livspace laid off over 450 employees out of 2,800, the company said that it hasn’t done any Covid-19 related pay cuts or layoffs, but the impact of extended lockdown has now led the company to resort to layoffs. CEO Anuj Srivastava said that the company is offering a month’s notice and severance pay, along with an assistance package, as part of which every employee will receive a portion of their pay. The cofounder said that over the past two months, the company has slashed marketing and branding expenses to almost zero. The company is now working on building its tech platform, investing more in category and supply chain, and prioritise the growth opportunities

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