Uber is sending tens of thousands of its electric Jump bikes to the scrap yard, weeks after offloading the money-losing bike-share division on Lime. The news of the scrapped bikes has incensed bike enthusiasts on social media, one of whom decried the act as “unconscionable.” Uber confirmed in a statement that it was “recycling” many… Continue reading Uber is scrapping tens of thousands of Jump bikes during a nationwide bike shortage – The Verge
Tag: Uber
‘Nobody’s making money in this business’: Uber’s CEO defends a possible GrubHub merger amid criticism of the reported merger talks (UBER, GRUB)
Cries that a combined Uber and GrubHub could control up to 90% of the food-delivery market are overblown, according to chief executive Dara Khosrowshahi. As everyone from grocery stores to independent restaurants and chains make the switch to delivery amid the coronavirus pandemic, the market is growing too rapidly for any one business to grab… Continue reading ‘Nobody’s making money in this business’: Uber’s CEO defends a possible GrubHub merger amid criticism of the reported merger talks (UBER, GRUB)
BlaBlaCar partners with scooter startup Voi to launch new BlaBla Ride app
Long-distance ridesharing startup BlaBlaCar announced that it is expanding to scooter sharing. But the company isn’t going to operate its own fleet of scooters. Instead, BlaBlaCar is partnering with Voi, a European e-scooter service that has raised $136 million over multiple rounds. Voi operates in dozens of European cities, including Paris, Marseille and Lyon. Over… Continue reading BlaBlaCar partners with scooter startup Voi to launch new BlaBla Ride app
Bolt, the European on-demand transport company, raises $109M on a $1.9B valuation
Bolt, a rival to Uber and others providing on-demand ridesharing, scooters and other transportation services across some 150 cities in Europe and Africa, is today announcing another capital raise as it weathers a difficult market climate where, because of COVID-19, many are staying in place and avoiding modes of transport that put them into contact… Continue reading Bolt, the European on-demand transport company, raises $109M on a $1.9B valuation
Uber cuts 600 jobs in India
Uber is cutting 600 jobs in India, or 25% of its workforce in the country, it said on Tuesday as it looks to cut costs to steer through the coronavirus pandemic. The job cuts, which affect teams across customer and driver support, business development, legal, policy, marketing, and finance, are part of the company’s global… Continue reading Uber cuts 600 jobs in India
Car rental firm Hertz files for bankruptcy protection in US
The 102-year-old car rental firm Hertz has filed for bankruptcy protection after its business all but vanished during the coronavirus pandemic. Hertz said in a US court filing on Friday that it had voluntarily filed for Chapter 11 reorganisation. Its international operating regions including Europe, Australia and New Zealand were not included in the US… Continue reading Car rental firm Hertz files for bankruptcy protection in US
Ola cuts 1,400 jobs as revenue drops by 95%
Ola’s decision follows Grab and Uber’s downsizing measures as the ride-hailing sector fights to weather the crisis. Go to Source
US survey: autonomous driving is not yet there
The organization PAVE carried out a survey on autonomous driving in the USA. PAVE is an abbreviation for Partners for Automated Vehicle Education and consists of representatives from industry, research and non-profit organizations. The organization’s survey was aimed at around 1,200 people in the United States and had that Autonomous driving on the subject. Autonomous… Continue reading US survey: autonomous driving is not yet there
Uber to Cut 3K More Jobs
In a bid to focus more on its core business and delivery business, Uber plans to cut 23% of its workforce, according to Reuters. In addition to the 3,700 jobs the company announced it was eliminating earlier this month, Uber plans to lay off 3,700 more employees. The preliminary layoffs were confined customer support and recruiting… Continue reading Uber to Cut 3K More Jobs
Indian ride-hailing firm Ola cuts 1,400 jobs
Ola said on Wednesday it is cutting 1,400 jobs in India, or 35% of its workforce in the home market, as the ride-hailing firm works to reduce its expense to steer through the coronavirus pandemic that has severely impacted mobility companies in the country. Bhavish Aggarwal, co-founder and chief executive of Ola, shared the job… Continue reading Indian ride-hailing firm Ola cuts 1,400 jobs