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KARACHI:The economic impact of the Covid-19-fuelled lockdown is being felt widely as businesses have been forced to lay off employees because activity remains suspended.Quite recently, ride-hailing services - Careem and Uber - also fell victim to the coronavirus and announced the sacking of employees as the lockdown hit the business model hard.Ironically, it is the digital companies that have to fire a large number of people when it was largely expected that these online businesses will thrive due to the closure of conventional businesses.Careem and Uber suggest that Covid-19 has jolted the digital companies to the point where they cannot provide any other solution. Careem Co-Founder and CEO Mudassir Sheikha made the announcement on his blog.
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