Uber Eats pulls out of 7 countries

[Jamie McKane]

Uber Eats pulls out of 7 countries

Uber Technologies Inc. took steps to stem losses in its international businesses on Monday as the company rushes to adapt to the new realities of the coronavirus pandemic. Uber said it would shutter its food delivery service in markets where it isn’t popular. At the same time, Uber’s Middle East subsidiary, Careem, said it would cut 536 employees, or 31% of its staff.

Uber Eats will cease operating in the Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, Uruguay and Ukraine by June 4. The company also said it would transfer Uber Eats business operations in the United Arab Emirates to Careem by the same day.

[Bloomberg]

 

[6spdmanual]

How I wish my pull out game was this strong.

 

[Emjay]

How I wish my pull out game was this strong.

I suggest you review your risk mitigation strategies.

But, back on topic, for a technology company which charges so much to use its platform, this is natural attrition.