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Uber Technologies Inc is closing its office in downtown Los Angeles, where the ride-hailing company employs customer support staff, to focus on its bigger locations.
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The move was reported earlier on Tuesday by the LA Times newspaper, which also added that the step will result in the elimination of about 80 jobs.
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An Uber spokesman confirmed the closure in an emailed statement.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| UBER | UBER TECHNOLOGIES INC. | 40.18 | +0.52 | +1.31% |
The jobs from the office being closed will be shifted to a customer support office of Uber in Manila, the LA Times reported, citing sources and a recording of comments from an Uber manager.
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Uber did not comment on the job losses mentioned in the report.
Earlier this month, Uber, which is backed by Japanese technology investment giant SoftBank Group Corp, moved forward by a year its target to achieve a measure of profitability to the fourth quarter of 2020, but added it still expects to lose a total of more than $1 billion this year.
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In the fourth quarter of 2019, the company’s total revenue rose 37 percent to $4.07 billion on a yearly basis while its net loss widened to $1.1 billion from a loss of $887 million a year earlier.
(Reporting by Kanishka Singh in Bengaluru; Editing by Himani Sarkar and Muralikumar Anantharaman)
