DUBAI (Reuters) – Uber Technologies’ Careem subsidiary on Monday announced it was cutting 536 jobs this week, representing 31% of the Dubai-headquartered company’s workforce. FILE PHOTO: Careem CEO Mudassir Sheikha speaks to Reuters in an interview at the company headquarters in Dubai, UAE, December 13, 2018. REUTERS/Satish Kumar/File Photo The announcement came hours after Uber… Continue reading UPDATE 1-Uber’s Middle East business Careem cuts 31% of workforce
Tag: Uber
Elon Musk admits Tesla’s plan for a million-strong robotaxi network may not happen this year after all (TSLA, UBER)
Elon Musk set a lofty goal last year: 1 million Tesla robotaxis by the end of 2020. But on Wednesday, the billionaire softened his tone. “Punctuality is not my strong suit, but I always come through in the end,” he said on a conference call. It’s been one year since Elon Musk announced his bold… Continue reading Elon Musk admits Tesla’s plan for a million-strong robotaxi network may not happen this year after all (TSLA, UBER)
Uber CTO Resigns
While Uber’s food delivery business, Uber Eats, has seen an uptick in use as people stay home, it has failed to make up for the losses on the ride-hailing side. Photo via Shopblocks/Flickr. Uber’s Chief Technology Officer, Thuan Pham, is leaving the company, according to a filling with the Securities and Exchange Comission. Pham had been… Continue reading Uber CTO Resigns
Lyft is laying off 982 employees, furloughing a further 288 due to COVID-19 pandemic
Less than 24 hours after it was reported that Uber was considering layoffs of 20% of staff, its big rival Lyft is announcing its own cuts. Today the company said it would be reducing employee count by 17%, working out to 982 employees, and furloughing an additional 288, due to the effects of the COVID-19 pandemic… Continue reading Lyft is laying off 982 employees, furloughing a further 288 due to COVID-19 pandemic
Uber: Uber CFO to Participate at J.P. Morgan Global Technology, Media and Communications Conference
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) announced today that Nelson Chai, Chief Financial Officer, will participate in a fireside chat at J.P. Morgan’s 48th Annual Virtual Global Technology Media and Communications Conference on Thursday, May 14. Mr. Chai is scheduled to appear at 10:50 am ET (7:50am PT). A live webcast of the event… Continue reading Uber: Uber CFO to Participate at J.P. Morgan Global Technology, Media and Communications Conference
rideOS Selected by Alto to Scale Its On-Demand Multi-Service Mobility Business
SAN FRANCISCO, April 28, 2020 /PRNewswire/ — rideOS, a leading Mobility as a Service technology provider that empowers businesses to build, operate and scale on-demand transportation offerings, today announced that Alto is utilizing the rideOS platform to manage its elevated rideshare service and accelerate its entry into last-mile delivery. Alto is now taking full-advantage of rideOS’… Continue reading rideOS Selected by Alto to Scale Its On-Demand Multi-Service Mobility Business
Tecton.ai emerges from stealth with $20M Series A to build machine learning platform
Three former Uber engineers, who helped build the company’s Michelangelo machine learning platform, left the company last year to form Tecton.ai and build an operational machine learning platform for everyone else. Today the company announced a $20 million Series A from a couple of high-profile investors. Andreessen Horowitz and Sequoia Capital co-led the round with… Continue reading Tecton.ai emerges from stealth with $20M Series A to build machine learning platform
Indian food delivery startup Swiggy is cutting about 1,000 jobs
Swiggy is cutting about 1,000 jobs, most from its cloud kitchen division, as India’s top food delivery startup scales back some of its businesses in response to the coronavirus pandemic that has drastically affected millions of firms. In a statement, the Bangalore-based startup said it was “evaluating various means to stay nimble and focus on… Continue reading Indian food delivery startup Swiggy is cutting about 1,000 jobs
GM to end Maven car sharing service after four years
CLOSE General Motors’ car sharing service, Maven, provides access to vehicles for short-term rental. (Photo: John F. Martin, John F. Martin for General Motor) General Motors is ending its app-based car sharing service, Maven, after four years in operation. The automaker alerted its 230,000 customers Tuesday that, “Effective immediately, Maven Car Sharing will no longer be available.”… Continue reading GM to end Maven car sharing service after four years
Uber argues ‘fraud’ absolves it from paying star engineer’s $179M fine to Google
Uber argued in a recent court filing that former employee Anthony Levandowski committed fraud, an action that frees the company from any obligation to pay his legal bills, including a judgment ordering the star engineer to pay Google $179 million. The court filing was first reported by Bloomberg. Uber’s fraud claim was part of its… Continue reading Uber argues ‘fraud’ absolves it from paying star engineer’s $179M fine to Google