Uber Eats Shuts Down in Eight Smaller Markets

Uber stated on Monday it was closing down its Uber Eats operations in eight markets as a result of they didn’t provide a transparent path to turning into the primary or quantity two on-line meals supply operator, its said purpose for its Eats enterprise.

“We now have made the choice to discontinue Uber Eats in Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, Ukraine, and Uruguay, and to wind down the Eats app and transition operations to Careem in UAE,” a Uber spokesman stated.

“This continues our technique of focusing our power and assets on our prime Eats markets all over the world.”

Uber stated its core rides enterprise was unaffected in all the markets.

Operations will stop by June four within the markets, other than UAE, the place they’ll transition to Careem, its wholly-owned subsidiary working primarily within the Center East. About 50 full-time roles can be affected, it stated.

Uber stated the discontinued and transferred markets represented 1 p.c of Eats gross bookings and four p.c of Eats adjusted core earnings losses in Q1 2020.

© Thomson Reuters 2020

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