Starting today, the ride hailing service Careem announced that they company will be laying off 31 percent of its workforce which accounts for 536 jobs as business is down for the company due to the coronavirus pandemic.
Careem is owned by Uber Technologies and primarily operates out of the Middle East. The announcement came just hours after Uber said that it was shuttering its Eats delivery services in different markets and laying off dozens of its staff.
According to a blog post on the company’s website, Careem CEO and founder Mudassir Sheikha said:
Our business is down by more than 80% and the recovery timeline is alarmingly unknown,
As we have discussed several times in the last few weeks, the crisis brought on by Covid-19 has put our dream and future impact at significant risk,
Although according to the post, the company is providing workers that are being laid off with three months of severance pay along with other benefits like extended visa and medical insurance for them and their families including counselling services to help them get through the current situation and find their next jobs.