Like many companies, Uber has been greatly impacted by the COVID-19 pandemic. With drivers weary of the virus and riders opting not to travel, Uber’s business dropped by 80% last April. Adding on, several drivers decided to stay away from the app long term when the CARES Act offered assistance to gig workers.
Nearly a year later, Uber is hoping to rebound from its toughest year yet. As more people receive COVID-19 vaccines and feel more comfortable traveling, the company is facing a difficult issue. More customers are looking for rides than there are drivers available. Now, the company is trying to entice drivers to come back to work. Uber is launching a $250 million stimulus fund for drivers.
“In 2020, many drivers stopped driving because they couldn’t count on getting enough trips to make it worth their time,” Uber wrote in a recent blog post.
“In 2021, there are more riders requesting trips than there are drivers available to give them — making it a great time to be a driver.”
Much of the fund will go towards guaranteed minimum pay and onboarding for new drivers. Uber is also working with Walgreens to allow drivers to access COVID-19 vaccines at a faster rate.