[ad_1] In an interview with MSNBC, Khosrowshahi said the company would shut down until November. That’s when the state votes on Proposition 22. If passed, the measure would allow Uber to continue employing drivers as contractors but would require the company to offer them benefits such as health insurance. “It’ll take time but we’re going to […]
Category: dara khosrowshahi
Uber warns of temporary California shut down if it has to reclassify drivers
[ad_1] Uber CEO Dara Khosrowshahi tells @SRuhle the ride-hailing app would have to shut down in the state of California until at least November if a judge’s ruling that Uber must treat drivers as employees instead of independent contractors fails to be appealed by the company. pic.twitter.com/ntAMMxf4Cf — MSNBC (@MSNBC) August 12, 2020 This all […]
Uber founder Travis Kalanick is leaving the company’s board
[ad_1] Kalanick was the CEO of Uber from 2010 to 2017. During that time, he was no stranger to controversy, with Uber frequently popping up in the news for its toxic work culture and efforts to mislead regulators. Kalanick was eventually ousted from the position after a group of investors penned a letter, demanding a […]
Uber’s first safety review contains thousands of sexual assault reports
[ad_1] In the long run, we will be a better company for taking this step today—because I firmly believe that companies who are open, accountable, and unafraid are ultimately the companies that succeed. (3/3) — dara khosrowshahi (@dkhos) December 5, 2019 Uber mentioned developments like its In-app safety button, as well as new changes. It […]
Uber lays off employees from Eats, self-driving cars and other teams
[ad_1] Over 70 percent of employees affected by the latest round are based in North America, with the remainder spread across Asia, Europe, Latin America and the Middle East, according to TechCrunch. Uber has laid off more than 1,100 employees across the three rounds, and it also asked some staff members to relocate. “As you […]
Uber executive reshuffling drops its COO and CMO
[ad_1] In an email that went out to employees on Friday, Uber CEO Dara Khosrowshahi said that because of progress made over the last two years, he now has more time to oversee day-to-day operations. Post-IPO, that will mean some reassigning of roles, and as a part of that, Chief Operating Officer Barney Harford and […]
Uber’s first post-IPO earnings report shows another $1 billion lost
[ad_1] Uber Eats showed substantial growth in 2019, generating over $536 million in the first quarter and an 89 percent jump year-over-year. The growing popularity of Uber Eats is a mixed blessing for the company, which ends up paying restaurants and drivers more than it earns from users. As for Uber’s ridesharing business, growth was […]
Uber files for its IPO and faces the past
[ad_1] Ten years after the company was founded, Uber is finally ready to go public. The company revealed its S-1 filing for an IPO this afternoon, and as such opened up more information to everyone about its finances and concerns going forward. Going through the document, a lot of those concerns involve the past, particularly […]