Its main rival Lyft as well as home-sharing service Airbnb have likewise announced cuts because of falling usage. Uber has offered up to 14 days of financial assistance to drivers and delivery workers who were diagnosed with the coronavirus disease, or placed in quarantine. The San Francisco company expects to spend US$28 million to US$36 million on expenses related to employee severance and benefit costs. But there was a sharp decline in rides in mid-March, and in April Lyft’s rides were down by 75 percent compared to last year, Green said. “The virus is testing our everyday way of life and is having a profound impact on our customers and our business,” he said.

Source: The Standard May 07, 2020 00:11 UTC