Inside Uber’s Seattle office. (GeekWire Photo / Taylor Soper)

Uber has cut 25% of its global workforce over the past two weeks after slashing another 3,000 jobs today.

The layoffs come as Uber’s ride-hailing business fell 80% in April as people stay at home amid the COVID-19 pandemic. Uber cut another 3,700 employees on May 6.

“Given the dramatic impact of the pandemic, and the unpredictable nature of any eventual recovery, we are concentrating our efforts on our core mobility and delivery platforms and resizing our company to match the realities of our business,” Uber CEO Dara Khosrowshahi said in a statement.

As part of the expense reductions, Uber will close or consolidate around 40 offices worldwide, including its Pier 70 location in San Francisco. A company spokesperson confirmed that Uber’s downtown Seattle outpost will remain open, though Uber did not provide details about specific office impact.

Uber was one of the first Silicon Valley giants to establish a Seattle-area engineering center and employed 450 people in the region last year. There are more than 125 engineering centers from Bellevue to Belltown, representing thousands of tech workers at companies such as Apple, eBay, HBO, Oracle and Sonos, according to GeekWire data.

Uber is also halting non-core projects such as its Uber AI Labs and product incubator. The company is focusing on its ride-hailing business and meal delivery service, UberEats, which could soon merge with Grubhub.

Uber ended Q1 with about $9 billion in cash and short-term investments. The layoffs, deferred real estate spend, and offloading of its Jump bike-share business to Lime will save the company more than $1 billion annually.

On the Q1 earnings call earlier this month, Khosrowshahi said COVID-19 will “impact our timeline by a matter of quarters, not years.”

In a memo to employees today, the CEO said “hope is not a strategy.”

“Ultimately I realized that hoping the world would return to normal within any predictable timeframe, so we could pick up where we left off on our path to profitability, was not a viable option,” Khosrowshahi wrote, as reported by The Wall Street Journal.

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