SEARCHED FOR:DARA KHOSROWSHAHI
Uber’s Ex-CTO reflects on a rift with Travis Kalanick and how to fix autonomous cars
Pham’s willing embrace of unemployment sets him far apart from the 6,700 former colleagues who lost their jobs last month. He gave notice a week before the first of two large rounds of job cuts eliminated about a quarter of Uber’s workforce.
Uber lays off 600 staff as Covid-19 hits ride-hailing business
All employees will receive a minimum of 10 weeks payout, medical insurance cov...
Uber’s job cuts, office closures reflect narrower ambitions
Uber, which for years burned cash in exchange for user growth, had also faced cha...
Uber cuts 3,000 jobs as virus slashes payroll by 25%
The ride-hailing giant will be closing or consolidating 45 offices globally, and almost all departments will be affected by layoffs. The company is closing its Incubator and AI Labs and will pursue strategic alternatives for its job recruiting app, Uber Works, Khosrowshahi said.
Uber to require face masks for drivers, riders
Uber drivers in the United States, Canada, India and most of Europe and Latin America will not be allowed online if they are not wearing a face cover, the company said.
The results are in for the sharing economy. They are ugly.
Lyft said rides on its service fell nearly 80% in late March and remained down 75% in mid-April. In May, passengers began to return cautiously to Lyft, but rides were still down 70%, Lyft executives said on a Wednesday earnings call with financial analysts.
Uber, posting first-ever decline in rides, says worst is over
During the past week, Uber has embarked on a blitz of cost-trimming moves. Uber said it will end food delivery operations in more than a half-dozen countries and that its Middle East unit Careem will terminate 31% of employees.
Uber leads $170 million investment in bike-sharing startup Lime
The two firms previously had an agreement allowing users to find and rent bikes and scooters with either of the applications.
Uber is reducing workforce by 14% and signals more cuts to come
Uber instituted a hiring freeze in March, withdrew its financial forecast and wrote down some $2 billion worth of investments in April and said Monday it would shutter food delivery operations in seven countries.
Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salary
Uber and rival Lyft have already withdrawn their full-year financial outlooks as demand for app-based rides dropped sharply across the world after governments imposed stay-at-home orders to curb the transmission of the coronavirus.
Uber CTO steps down as company reportedly weighs job cuts
Earlier this month the company withdrew its financial forecast for 2020 and said it would write down about $2 billion in investments impaired by Covid-19.
Uber offers discounted trips to 2.5 million UK health and care workers
Uber said 1.2 million National Health Service (NHS) staff and 1.3 million social care workers in Britain would receive a 25% discount on trips, funded by Uber, after linking their NHS email address to an account, or by their care home registering.
Consolidation was always on the menu, says Uber CEO Dara Khosrowshahi
Khosrowshahi added that the deal allows the San Francisco-based headquartered firm to deploy capital in other large markets.
India, fundamental part of Uber's growth: Dara Khosrowshahi
Uber CEO Dara Khosrowshahi unveils an important innovation for the Delhi transport space. The first city in Asia is getting public transport...
Uber’s CEO, a seasoned dealmaker, pursues his biggest one yet
In the negotiations, Grubhub had been seeking a ratio of 2.15 Uber shares for each one of Grubhub’s, a person familiar with the talks said. The companies are now discussing a deal valuing Grubhub stock at 1.9 Uber shares.
