Uber has announced plans to cut 10% of its global workforce and exit Nigeria and Uganda, according to CEO Dara Khosrowshahi.
The ride-hailing company said the decision is part of efforts to streamline operations and focus on more profitable markets.
This move will affect many drivers and riders in Nigeria, who have relied on the platform for income and transportation.
The exit is expected to create a vacuum in the ride-hailing sector, with competitors like Bolt likely to gain more market share.
Uber’s departure has raised concerns about the business environment in Nigeria, with some citing regulatory hurdles and economic challenges.
The company has assured that it will support affected employees and drivers during the transition.
