To this day, Uber and Lyft are the most popular rideshare services worldwide. Both services are available in multiple countries; ultimately, Uber and Lyft ensure that transportation is easier and more accessible.
On the flip side, drivers who use these rideshare services are able to earn some extra income as well. This is especially true on weekends when people are more likely to go out to bars and require rides back home.
However, Uber and Lyft, despite their popularity and impact, don’t have immunity from today’s topsy turvy economy.
This is a huge reason why Uber is working on reducing some of its overhead expenditures.
New changes at Uber
Dara Khosrowshahi, the Uber CEO, explained the rationale behind the company’s work to reduce costs. Per Khosrowshahi, changes in the market demand adjustments within the company.
Uber made this known in an email sent to its workers. As part of the company’s plan to reduce its expenditures, hiring will slow down for a time. Likewise, Uber’s capital spent on marketing will decrease as well.
