With long-term goals on mind, companies are looking for specialists to build technology, products and analyse data.
Uber's announcement came nearly a week after its India rival, Ola, fired 1,400 staff.
The pay cuts will be in the range of 10-50 percent from April to September
According to the latest results of MyHiringClub.com and Sarkari-Naukri.info Layoff Survey 2020, 68 percent of the employers surveyed have either started the layoff process or are planning to.
The job cut will amount to just under a third of WeWork's global workforce, and about 1,000 of the cuts will hit employees such as janitorial staff, the report said, citing people with direct knowledge of the plans.
Vivo employees claimed that the company had proceeded with the layoffs without providing a notice period to the employees.
Pepsi says slumping sales from Philadelphia's new sweetened-beverage tax are prompting layoffs of 80 to 100 workers at three distribution plants that serve the city.
The workforce-retrenchment exercise, done as part of digitisation and productivity enhancement initiative, was carried out over six months to September.
The net result will be a loss of about 250 positions, World Bank President Jim Yong Kim said in a note to staff on Thursday.
Reeling under a sharp slowdown in its local business, Tata Motors has asked about 600 employees to leave by accepting an early retirement offer (ERO), The Financial Express reported today quoting sources.