Current event Update: wednesday, may 13th

By Eric Liu

In the documents submitted to the US Securities Regulatory Commission last week, Uber said it will lay off 3,700 people, accounting for 14% of the total number of employees of 26,900. The layoffs are concentrated in the departments of customer support and recruitment.

On Friday, at least 3,500 Uber employees learned that they were being laid off in a three-minute Zoom call last week. Uber notified them that it will be their last day working there. 

Lyft just had a significant layoff of 982 employees recently two weeks ago. However, in the past two days, there were employees who were laid off and returned to work.

It is said that Lyft's previous layoffs are determined by the VP. VP’s position is too high to know the details of what employees actually do and how they support the company ’s key business. As a result, after the layoffs, the company found that some of their crucial businesses were not maintained because of the empty positions, and had to recruit a few employees back.

Airbnb laid off 1900 employees last week accounting for about one-fourth of 7,500 employees. The influence will affect all major departments of the company, more or less. Airbnb CEO Chesky indicated in his speech that the LUX (luxury high-end tourism) department will be a big part of this round of lay off.

Source: CNBC, DailyMail, Techcrunch