Uber lays off 3,700 full-time workers

Uber announced Wednesday it’s cutting 3,700 full-time workers, or about 14% of its workforce, as people fearful of infection either stay indoors or try to limit contact with others to minimize risk when they do venture out.

The layoffs and related costs like severance will cost about $20 million for the San Francisco-based company, which had already imposed a hiring freeze. Uber has offered up to 14 days of financial assistance to drivers and delivery workers who were diagnosed with the COVID-19 disease or placed in quarantine.