Expansion of its Delivery operations and a recovery in the Mobility business are boosting Uber Technologies (UBER). However, a rise in total costs and expenses is a headwind.
The workers said last month's new regime made it near impossible to make ends meet amid record petrol prices. A surge in crude oil and commodity prices since Russia invaded Ukraine in February has boosted inflation globally. This has hit platform workers particularly hard, squeezed by higher fuel prices https://news.trust.org/item/20211022090230-us99t and lower earnings, said Rikta Krishnaswamy a national coordinator at the All India Gig Workers' Union.
There have been two distinct waves of tech layoffs amid COVID-19, according to Layoffs.fyi creator Roger Lee.