The news comes as delivery services have seen skyrocking demand during the pandemic. Uber has leaned on Eats, its food delivery business, while its core rides business has plummeted. In July, Uber acquired one of its smaller food delivery competitors, Postmates, for $2.65 billion in an all-stock deal.
Uber, which has a history of steep losses, has felt the effects of the pandemic. It cut roughly 25% of its staff over multiple rounds of layoffs in the first half of last year as the global health crisis put pressure on its core business.