Uber is laying off 3,700, as rides plummet due to Covid-19
This is a failure in leadership at UberEats. Uber has more than one revenue source and delivery is in high demand, UberEats is severely losing to DoorDash in food delivery, despite Uber having significantly more resources than DoorDash. Uber has billions in the bank, Doordash only has hundreds of millions. At the time of this posting, Doordash is currently number #13 in the App store, UberEats is sitting at #62. Uber has access to capital and reserve in the bank. Reserves are often used for a rainy day, well it is pouring now. They should be using their position to gain market share during this time of peak demand for deliveries, should not be losing to DoorDash.