Uber exits Nigeria, Uganda with immediate effect; to cut 10% workforce worldwide
As part of the restructuring, Uber plans to cut 3,300 jobs, or around 10 per cent of its workforce.
US ride-hailing company Uber has abruptly exited Nigeria and Uganda, effective immediately, as part of a global workforce reduction totaling 3,300 jobs or 10 percent worldwide. The decision was made after a thorough review of the company's operations on the continent. An Uber spokesperson confirmed that the move is limited to Nigeria and Uganda, and will not affect operations in other African markets.
While the company did not disclose a specific reason for its exit from Nigeria, analysts suggest rising competition from local ride-hailing firms such as Bolt, as well as increasing pressure from drivers protesting over rising operating costs and poor working conditions. The Nigerian market has become more challenging due to the removal of government fuel subsidies and rising fuel prices, exacerbated by the ongoing US-Iran war.
Uber has previously confirmed its commitment to Africa, with operations now focused on Egypt, Ghana, Kenya, and South Africa.
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Also reported by 1 other outlet
- Uber exits Nigeria, Uganda after review of African operations capitalfm.africa
