News Article

Uber shuts down Eats operations in eight smaller markets

On Monday, Uber announced it was closing down its Uber Eats operations in eight markets because they did not offer a straightforward path to becoming the number one or number two online food delivery service, its reported target for its Eats venture.

“We have agreed to discontinue Uber Eats in Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, Ukraine, and Uruguay, and to shut down the Eats app and move operations to Careem in UAE,” an Uber spokesman said.

“This follows our strategy to concentrate our energies and resources on our leading Eats markets around the world,” Uber said its core rides business was untouched in all of the markets.

Operations will finish by Jun 4 in the markets, aside from UAE, where they will relocate to Careem, its wholly-owned subsidiary operating mainly in the Middle East. This will affect about 50 full-time jobs, it added.

Uber said the discontinued and transferred territories accounted for one per cent of Eats total bookings and four per cent of Eats adjusted core earnings losses in Q1 2020.

CIMB Bank - Best exchange rate SG > MY

Login to your account below

Fill the forms bellow to register

Retrieve your password

Please enter your username or email address to reset your password.