Technext Technext
  • Home
  • Stories
    • Nigeria Seeks to Regulate Price of DSTV, GoTV and Startimes through NBC
      Nigeria Seeks to Regulate Price of DSTV, GoTV and Startimes through NBC
      3 hours ago 0
      41
    • Rubies is Changing Digital Banking Experience with its Robust Fintech Services
      Rubies is Changing Digital Banking Experience with its Robust Fintech Services
      5 hours ago 0
      23
    • FG Extends NIN Registration Licence for Telcos to 5 Years, Approves Establishment of SIM Swap Centres in LGAs
      FG Extends NIN Registration Licence for Telcos to 5 Years, Approves Establishment of SIM Swap Centres in LGAs
      7 hours ago 0
      71
    • Onyeka Akumah Steps Down as Crowdyvest Transitions into Fintech Platform
      Onyeka Akumah Steps Down as Crowdyvest Transitions into Fintech Platform
      21 hours ago 0
      138
    • Digital Assets: Should I Buy Bitcoin (BTC) or Wrapped Bitcoin (WBTC)?
      Digital Assets: Should I Buy Bitcoin (BTC) or Wrapped Bitcoin (WBTC)?
      22 hours ago 0
      199
    • Nigerians Consume Over 80 million Gigabytes of Data per Month Despite Paying More
      Nigerians Consume Over 80 million Gigabytes of Data per Month Despite Paying More
      1 day ago 0
      65
    • All New OPPO Reno 5 Specs and Price Released Ahead of Launch in Nigeria
      All New OPPO Reno 5 Specs and Price Released Ahead of Launch in Nigeria
      1 day ago 0
      41
    • ‘We’ve Only Scratched the Surface’- Babajide Duroshola on SafeBoda’s 1st Anniversary
      ‘We’ve Only Scratched the Surface’- Babajide Duroshola on SafeBoda’s 1st Anniversary
      1 day ago 0
      54
    • Telcos Lose over 4.2m Subscribers and N10bn Revenue to NCC’s Sim Registration Ban
      Telcos Lose over 4.2m Subscribers and N10bn Revenue to NCC’s Sim Registration Ban
      1 day ago 0
      57
  • Features
    • ‘We’ve Only Scratched the Surface’- Babajide Duroshola on SafeBoda’s 1st Anniversary
      ‘We’ve Only Scratched the Surface’- Babajide Duroshola on SafeBoda’s 1st Anniversary
      1 day ago 0
      54
    • ‘Work From Home Won’t End in 12 Months, Covid-19 Vaccines Notwithstanding’ – Morgan Mierke, Head of W/Africa Logitech
      ‘Work From Home Won’t End in 12 Months, Covid-19 Vaccines Notwithstanding’ – Morgan Mierke, Head of W/Africa Logitech
      5 days ago 0
      985
    • ‘I thought it was Spiritual Problem’- Nigerian Men on How Virtual Sports (Baby) Bankrupted Them
      ‘I thought it was Spiritual Problem’- Nigerian Men on How Virtual Sports (Baby) Bankrupted Them
      1 week ago 0
      305
    • Aeglehealth Lets You Get Medical Care from a Specialist Minutes after Booking an Appointment
      Aeglehealth Lets You Get Medical Care from a Specialist Minutes after Booking an Appointment
      1 week ago 0
      160
    • Symbiotic Relationships are Needed to Enhance Femtech Innovations – Abisola Oladapo, MumSpring Founder
      Symbiotic Relationships are Needed to Enhance Femtech Innovations – Abisola Oladapo, MumSpring Founder
      2 weeks ago 0
      198
    • CBN Didn’t Ban Cryptos to Fight Criminal Activities but to Curtail Capital Flight- Danny Oyekan, CEO of Dan Holdings
      CBN Didn’t Ban Cryptos to Fight Criminal Activities but to Curtail Capital Flight- Danny Oyekan, CEO of Dan Holdings
      2 weeks ago 0
      298
    • Tony Lauriola of Coins App Explains the Reason Young Africans are Embracing Cryptocurrencies
      Tony Lauriola of Coins App Explains the Reason Young Africans are Embracing Cryptocurrencies
      2 weeks ago 0
      370
  • Reviews
    • Rubies is Changing Digital Banking Experience with its Robust Fintech Services
      Rubies is Changing Digital Banking Experience with its Robust Fintech Services
      5 hours ago 0
      23
    • Telcos Lose over 4.2m Subscribers and N10bn Revenue to NCC’s Sim Registration Ban
      Telcos Lose over 4.2m Subscribers and N10bn Revenue to NCC’s Sim Registration Ban
      1 day ago 0
      57
    • Tech Events this Week: Lagos Digital Summit, Future of Banking in Africa and Others
      Tech Events this Week: Lagos Digital Summit, Future of Banking in Africa and Others
      2 days ago 0
      103
    • The Partnership  Between GIGL and Visa Will Empower Merchants to Achieve Seamless Delivery at a Low Cost
      The Partnership Between GIGL and Visa Will Empower Merchants to Achieve Seamless Delivery at a Low Cost
      4 days ago 0
      667
    • Jumia Recorded Over 4.4 million Cancellations, Returns and Failed Orders Despite a Successful 2020
      Jumia Recorded Over 4.4 million Cancellations, Returns and Failed Orders Despite a Successful 2020
      6 days ago 0
      136
    • Apple Finally Tops Global Smartphone Market and Could Remain There with New iPhone 13
      Apple Finally Tops Global Smartphone Market and Could Remain There with New iPhone 13
      1 week ago 0
      490
    • Meet the 6 Nigerians Nominated for the £25,000 Africa Prize for Engineering Innovation
      Meet the 6 Nigerians Nominated for the £25,000 Africa Prize for Engineering Innovation
      1 week ago 0
      223
  • Women in Tech
  • Videos
  • Contact Us
Go to...

    Uber Fires 3,700 Workers, Shuts Down 40% of its Driver Assist Centres as Ride-hailing Suffers Decline

    Tomiwa OnaleyeTomiwa Onaleye
    10 months ago
    Uber Fires 3,700 Workers, Shuts Down 40% of its Driver Assist Centres as Ride-hailing Suffers Decline

    Uber is laying off 3,700 employees and permanently closing about 180 driver centres across the world after the stay home caused by the pandemic significantly dwindled ride-hailing businesses.

    The decision was disclosed in an SEC filing by the company. According to the document, the company plans to fire about 14% of its total workforce as a measure to reduce operating expenses.

    Scary! Uber drivers using fake GPS App to inflate rider fares in Lagos- Quartz Reports
    3,700 Uber workers have been sacked!

    CEO, Dara Khosrowshahi, in an email to employees said that the downsizing will affect mainly those in the support and recruiting sections of the company.

    Dwindling Ride-hailing Demand

    Following the stay at home policy caused by pandemic, ride-hailing service has been suffering badly. In Nigeria, ride-hailing companies like Bolt and Uber had to shut down business for weeks following the lockdown in their major market.

    As a solution to their huge revenue loss, Uber has announced that it will be firing about 14% of its staff. Khosrowshahi confirmed that ride-hailing was significantly down and the company was currently maintaining a freeze on hiring.

    Dara Khosrowshahi, the chief executive officer of Uber

    “With the reality of our rides trips volumes being down significantly, our need for CommOps as well as in-person support is down substantially and with our hiring freeze, there simply isn’t enough work for recruiters.”

    Dara Khosrowshahi, the chief executive officer of Uber

    Also, about 40% of the more than 450 drive centres called ‘Greenlight Hubs’, Uber operates across the worldwide is scheduled for closure. The centres which serve as hubs where drivers can signup, learn how to use the app and receive assistance on issues which arise on the job will be reduced to save cost.

    Tough times for Ride-hailing Companies

    The effects of COVID-19 on ride-hailing companies have been hard. Uber instituted a freeze on hiring in March, withdrew its financial forecast and had to close down its food delivery operations in 7 countries.

    Uber’s rival Bolt is also suffering from the effects of the pandemic. This week the Bolt pivoted in the delivery service business in a bid to find alternative revenue income to cover for the dwindling ride-hailing services.

    self-driving-uber, Uber Fires 3,700 Workers, Shuts Down 40% of its Driver Assist Centres Worldwide
    Uber having a tough year due to COVID-19

    Uber’s CEO, Khosrowshahi in a bid to help the economic situation of the company has waived his salary for the remainder of the year. According to a securities filing, he was eligible for a salary of $1 million and a bonus of $2 million in 2019.

    With an end to the pandemic nowhere in sight, the challenge posed to the survival of ride-hailing companies grows bigger every day. According to Bloomberg, firing 3,700 workers is just the beginning as the company plans to employ a series of cost-cutting measures over the next two weeks as a response to the coronavirus pandemic.


    If you’d like to get featured on our Entrepreneur Spotlight, click here to share your startup story with us.


    SUBSCRIBE

    Get latest Technology news, reviews, business-related content with a deliberate emphasis on the African narrative and insightful analysis in Nigeria – straight to your inbox.


    Comments

    Share :
    • Facebook
    • Twitter
    • Google+
    • Pinterest
    • Linkedin
    • Email
    Tomiwa Onaleye

    Tomiwa Onaleye

    Tomiwa Onaleye is a content writer that mines emotion bred from words. He is an avid lover of gadgets and Tech World. He graduated with B.Sc Mechanical from the prestigious University of Ibadan.

    Breaking: Coronavirus Death Toll Crosses 100 as Nigeria Surpasses 3,000 Total Cases
    Next article
    Breaking: Coronavirus Death Toll Crosses 100 as Nigeria Surpasses 3,000 Total Cases
    Reactions as Tech Talent Outsourcing Company, Andela Lays Off About 10% of its Workforce
    Previous article
    Reactions as Tech Talent Outsourcing Company, Andela Lays Off About 10% of its Workforce

    Related Posts

    • Stories 3 hours ago

      Nigeria Seeks to Regulate Price of DSTV, GoTV and Startimes through NBC

      Nigeria Seeks to Regulate Price of DSTV, GoTV and Startimes through NBC
      Reviews, Stories 5 hours ago

      Rubies is Changing Digital Banking Experience with its Robust Fintech Services

      Rubies is Changing Digital Banking Experience with its Robust Fintech Services
      Stories 7 hours ago

      FG Extends NIN Registration Licence for Telcos to 5 Years, Approves Establishment of SIM Swap Centres in LGAs

      FG Extends NIN Registration Licence for Telcos to 5 Years, Approves Establishment of SIM Swap Centres in LGAs
    • Stories 21 hours ago

      Onyeka Akumah Steps Down as Crowdyvest Transitions into Fintech Platform

      Onyeka Akumah Steps Down as Crowdyvest Transitions into Fintech Platform
      Stories 22 hours ago

      Digital Assets: Should I Buy Bitcoin (BTC) or Wrapped Bitcoin (WBTC)?

      Digital Assets: Should I Buy Bitcoin (BTC) or Wrapped Bitcoin (WBTC)?
      Stories 1 day ago

      Nigerians Consume Over 80 million Gigabytes of Data per Month Despite Paying More

      Nigerians Consume Over 80 million Gigabytes of Data per Month Despite Paying More

    Bitcoin Recent Prices

    Brandest

    Sign up for Newsletters

    Popular News

    • MainOne Partners World Bank to Deliver Bulk Broadband Connectivity in Burkina Faso
      MainOne Partners World Bank to Deliver Bulk Broadband Connectivity in Burkina Faso
      9 months ago 0
    • Publiseer, 153 Other Nigerian Startups Listed as ‘Most Needed Companies in the Region’
      Publiseer, 153 Other Nigerian Startups Listed as 'Most Needed Companies in the Region'
      June 12, 2018 0
    • Robocup 2017: Robots are set to Replace your Best Football Stars by 2050
      Robocup 2017: Robots are set to Replace your Best Football Stars by 2050
      July 31, 2017 0
    • Coronavirus: As Vendors Increase Prices of sanitizers and Facemasks, Here is how Jumia and Other e-Commerce Companies are Responding
      Coronavirus: As Vendors Increase Prices of sanitizers and Facemasks, Here is how Jumia and Other e-Commerce Companies are Responding
      12 months ago 0
    • DEMO Africa Launches DEMO Ventures, its $100m Startup Investment Arm
      DEMO Africa Launches DEMO Ventures, its $100m Startup Investment Arm
      July 12, 2018 0

    Follow Us

    Latest Tweets

    • technextdotng Nigeria is not the first country to propose a bill that regulates the prices of DSTV and other PayTV service provid… https://t.co/wQVbYsUkAx
      about 5 minutes ago
    • technextdotng What this means is that about 80m Nigerians are working roughly 160 hours to earn less than N30,000 per month, at a… https://t.co/3LCo3qOUwl
      about an hour ago
    • technextdotng New post: Nigeria Seeks to Regulate Price of DSTV, GoTV and Startimes through NBC https://t.co/ogc7O4wiDI
      about an hour ago
    • technextdotng How much Data do you use every month? #Data #Nigeria #Internet
      about 4 hours ago

    Instagram

    technextdotng

    Technext.ng is the go-to site for news, reviews and insightful analysis in the Nigerian tech space.
    http://ow.ly/ayTM30mSlGS

    In Sub-Saharan Africa (SSA), Nigeria’s monthly d In Sub-Saharan Africa (SSA), Nigeria’s monthly data consumption of 80,000 TB(80 million GB) is only topped by South Africa, which expends up to 269,000 TB every month. Kenya and Ghana complete the four largest consumers, using 22,400 TB and 8,100 TB of monthly internet data respectively.

But, Ghana and Kenya switch places when monthly data usage is measured relative to the number of internet users. With 36.54 million internet users, South Africa still leads with 7.4gb per user. Nigeria’s 108.27 million internet subscribers see data spent per user at 0.73gb, followed by Ghana’s 0.55gb and Kenya’s 0.47gb.
.
.
.
.
.

#Nigeria #Ghana #Africa #Data #Internet #TechNews #Technology #Tech #SouthAfrica #Kenya #fintech #f10 #spain #madrid #incubator #fundraising #startup #insurtech #remittances #productdevelopment #technology #technews #research #business #trends #businessinsider #disrupter
    How was February for you? Due to the various inte How was February for you?

Due to the various interesting happenings in the month like #ValentinesDay and Bitcoin’s journey to the top, it was one ride of a month. As a result, there were more than 10,000 searches by #Nigerians for #Bitcoin Price and another 10,000 searches by people who wanted to know about #Dogecoin.

Other interesting topics that came up in the month include Adesua Etomi’s baby, Sunday Igboho and the ban on #crypto in Nigeria. So settle in, get a snack and enjoy the most-searched topics on #Google in #February.

Check them all out on Technext.ng
.
.
.
.
.
#Headies14 #Music #Nigeria #Search #Google #Crypto #Cryptocurrency #cryptoworld #cryptotrading #cryptomarket #cryptonews #cryptoinvestor #bitcoininvestment #bitcoinexchange #ethereum
    Apparently, majority of voters on our poll are not Apparently, majority of voters on our poll are not willing to pay a premium on Twitter.

Are you?
#Twitter #SocialMedia
    It’s a new month, a new week. and a new day. Let It’s a new month, a new week. and a new day.
Let’s stay focused and determined.
#March2021
    "if the CBN’s major concern is capital control t "if the CBN’s major concern is capital control they can be limits to how much users can purchase using exchanges or OTC Desks."
-
@trillionaire, Founder, @coins.app and @dan.holdings on regulation the CBN Governor can place on Cryptocurrency.
#bitcoin #Crypto #Bitcoin #cryptocurrencies #cryptoworld #cryptotrading #cryptomarket #cryptonews #cryptoinvestor #bitcoininvestment #bitcoinexchange #ethereum #Nigeria
    Known for viral trends and iconic memes, TikTok ha Known for viral trends and iconic memes, TikTok has been loved by many as a place where spreading joy and information goes beyond age. Whether it’s quick educational videos you’re looking for or fun tips on how to get involved in the latest viral challenge, TikTok is an all-inclusive platform where adults can come as well to not only express themselves creatively but to be their authentic selves.

Still think that TikTok is for teenagers only? Keep reading!

This list is a mix of 30 TikTok celebs and creators, all over the age of 30, who constantly remind us that TikTok is a place where everyone belongs. Check out their profiles to find educational and entertaining videos that you won’t be able to get enough of. 

Check them all at Technext.ng
.
.
.
@tokemakinwa, @_tosinsilverdam, @toyin_abraham, @ufuomamcdermott, @veezeebaybeh, @wofaifada, @yeancar_posh, @yemialade, @deejayneptune, @kunleremiofficial
.
#fashionista #influencerlife #ootd #tiktok #likes #k #marketing #digitalinfluencer #viral #vibes #socialmedia #fashionstyle #motivation #instagramers #explorepage #moda #followers #f #inspiration #instafashion #beautiful #followme #fashioninfluencer #business #cute #instagram #instalike #photo #styleblogger
    Load More... Follow on Instagram

    Random News

    • “We are not Happy With Uber and Bolt!” e-Hailing Drivers Express Displeasure at Been Neglected During Lockdown
      “We are not Happy With Uber and Bolt!” e-Hailing Drivers Express Displeasure at Been Neglected During Lockdown
      9 months ago 0

      Uber and Taxify drivers are not happy with the e-hailing companies. This was the sentiment expressed by the president of ...

      Read More
    Copyright 2020 technext.ng | Privacy Policy | Media Policy