Tag: Layoffs

Careem lays off 31% workforce due to COVID-19 crisis

The ride-hailing service Careem announced on Monday that it will lay off 536 of its employees, representing 31% of its workforce, this week. Careem CEO Mudassir Sheikh said in a blog on the company’s website that their business is down by more than 80% and the recovery timeline is alramingly unknown. The company, which primarily operates in the Middle East, is owned by Uber.