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Uber Shutdowns Operations in Nigeria

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<p><&excl;-- BEGIN THEIA POST SLIDER --><&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 3&period;0&period;5 -->&NewLine;<div class&equals;"quads-location quads-ad4" id&equals;"quads-ad4" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p>&nbsp&semi;<&sol;p><div class&equals;"QLsppOt7" style&equals;"clear&colon;both&semi;float&colon;left&semi;width&colon;100&percnt;&semi;margin&colon;0 0 20px 0&semi;"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<&excl;-- TV --> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"4399361195" &NewLine; data-ad-format&equals;"auto" &NewLine; data-full-width-responsive&equals;"true"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script><&sol;div>&NewLine;<p>By Yusuf Danjuma Yunusa<&sol;p><div class&equals;"rkO7yNX8" style&equals;"clear&colon;both&semi;float&colon;left&semi;width&colon;100&percnt;&semi;margin&colon;0 0 20px 0&semi;"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<&excl;-- TV --> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"4399361195" &NewLine; data-ad-format&equals;"auto" &NewLine; data-full-width-responsive&equals;"true"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script><&sol;div>&NewLine;<p>Ride-hailing company&comma; Uber&comma; has shut down its operations in Nigeria&period;<&sol;p>&NewLine;<p>In a statement&comma; the company&comma; which came into Nigeria in 2014&comma; said its exit is effective from September 2&comma; 2026&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We are writing to share some difficult news&period; After a thorough review of our business&comma; we have made the tough decision to wind down our operations in Nigeria&comma; effective 2 September 2026&period;<&sol;p><div class&equals;"KkMdbR2A" style&equals;"clear&colon;both&semi;float&colon;left&semi;width&colon;100&percnt;&semi;margin&colon;0 0 20px 0&semi;"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block&semi; text-align&colon;center&semi;" &NewLine; data-ad-layout&equals;"in-article" &NewLine; data-ad-format&equals;"fluid" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"6550225277"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script><&sol;div>&NewLine;<p>&OpenCurlyDoubleQuote;Since we first launched in Lagos in 2014&comma; it has been an absolute privilege to be a part of your daily life connecting you with independent transportation providers&period;<&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 3&period;0&period;5 -->&NewLine;<div class&equals;"quads-location quads-ad5" id&equals;"quads-ad5" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p>&OpenCurlyDoubleQuote;Whether it was a morning commute&comma; a ride to see loved ones&comma; or exploring the city&comma; thank you for trusting the platform to connect you to a driver to get you there safely&period; We know this may cause disruption to your routine&comma; and we sincerely apologize for the inconvenience&period;”<&sol;p>&NewLine;<p>In a memo on Wednesday&comma; the ride-hailing company also announced elimination of roughly 3&comma;300 positions&period;<&sol;p>&NewLine;<p>The job cuts focused on management and coordination roles&comma; according to its CEO&comma; Dara Khosrowshahi&period;<&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 3&period;0&period;5 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p>&OpenCurlyDoubleQuote;Today&comma; we’re making a number of significant organizational changes across Uber&period; We are removing layers&comma; simplifying team structures&comma; refining our global location strategy&comma; and focusing our people and investments against the biggest opportunities ahead of us&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;As a result&comma; we will be reducing the size of our team by about 10&percnt;&period; Everyone whose role has been affected has already been notified&comma; except in countries where we will follow the required local process&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;This wasn’t a decision we made lightly&comma; because it will have a real impact on our teammates and friends who have worked hard for Uber&period; It’s important to say that these changes are about how we’re organized and what we’re prioritizing&comma; not about anyone’s contributions to Uber&comma; which we will always value&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;I’m sure you’re asking&comma; &OpenCurlyQuote;Why&comma; and why now&quest;’ particularly since our business is performing so well&period; Over the last 5&plus; years&comma; Uber has grown by orders of magnitude&comma; with our top line nearly tripling&period; We’ve built new products&comma; expanded into new businesses&comma; reached more consumers and supported more earners&comma; and become a much larger and stronger company&period; But that growth has also brought complexity&colon; more layers&comma; more coordination&comma; more fragmented ownership&comma; and in some cases structures that made sense when businesses were smaller but no longer serve us well at our current scale&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Our opportunity from here is enormous&colon; we have the chance to bring Uber to hundreds of millions more people&semi; to invest even more in drivers&comma; couriers and merchants&semi; and to innovate across our core businesses and build the autonomous future&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The changes we’re making today are designed to do two things&colon; make Uber simpler and faster&comma; and create more capacity to invest in our future&period; A leaner organization will mean clearer ownership&comma; faster decisions&comma; and more time spent building rather than coordinating&period; It will also generate savings that we intend to reinvest in growth&comma; innovation&comma; and the capabilities that will matter most over the coming years&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;It’s our job as leaders to make these difficult calls&comma; and to give you transparency into our thinking and our decision-making process&period;”<&sol;p>&NewLine;<p>The layoffs are the latest round of job cuts for Uber&comma; which eliminated roles in customer service and HR earlier this year&period;<&sol;p>&NewLine;<p><&excl;-- END THEIA POST SLIDER -->&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 3&period;0&period;5 -->&NewLine;<div class&equals;"quads-location quads-ad4" id&equals;"quads-ad4" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<&sol;p>&NewLine;<script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block" &NewLine; data-ad-format&equals;"autorelaxed" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"1004305389"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 3&period;0&period;5 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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