Uber Shuts Mumbai Office As Part Of Restructuring; Services To Continue

Ride hailing platform has shut down its office as part of its restructuring efforts, but it will continue to provide services in the city, according to sources.

The company's services in the city, however, would remain unaffected.

When contacted, an spokesperson said, "continues to provide a high level of service to all its riders in Mumbai".

The sources said the decision to close the office was part of the global restructuring exercise. In May, Dara Khosrowshai had written to employees informing them of the decision to close 45 offices globally.

One of the persons said many of the employees are expected to continue working from home to support the services as is being done currently in view of the Covid-19 pandemic.

It could not be immediately ascertained if the closure of the office would include reduction in jobs as well.

Uber has a large office in Gurugram, and tech centres in Bengaluru and Hyderabad. It also has smaller support offices in multiple cities.

In May, Uber had said it is laying off about 600 employees (including its driver and rider support operations) in India - about a quarter of its staff in the country - as business has taken a major hit amid COVID-19 pandemic.

Globally, it had announced a reduction of customer support and recruiting teams by approximately 6,700 full-time employee roles and attributed the move to lower trip volumes and current hiring freeze.

RECENT NEWS

ClearBank UK Profit Leads To European Growth

ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more

Bank Of London Continues To Rebuild

ClearBank’s progress shows that modern clearing and banking infrastructure can become a sizeable and profitable busine... Read more

JPMorgan's Berlin Moment: Chase Takes On Europe

There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more

What Strategy's Bitcoin Sale Really Tells Us

There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more

Coutts Sets Scope On New Continent

Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more

From Cypherpunk To Citadel

How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more