Series production of the electric central drive CeTrax to start in the third quarter of 2020 Bus manufacturer Solaris installs CeTrax for the first time in Urbino 15 LE electric E-mobility solutions by ZF support future-proof and emission-free local transport Friedrichshafen. In order to make the conversion to local emission-free public transport as easy and… Continue reading Press: Electric central drive for public transportation: ZF CeTrax goes into production
Tag: Mobility
Uber is offering its nearly 7,000 laid off employees a generous severance package including at least 10 weeks’ pay, stock, and healthcare until the end of 2020 (UBER)
The 25% of Uber’s global workforce laid off in May will receive a fairly generous severance package of at least 10 weeks pay and healthcare paid for all of 2020. Uber says explained to us the special assistance it is offering to visa holders and new parents still out on parental leave who got cut.… Continue reading Uber is offering its nearly 7,000 laid off employees a generous severance package including at least 10 weeks’ pay, stock, and healthcare until the end of 2020 (UBER)
Uber’s CEO told employees that he hopes — but doesn’t promise — the company is done with layoffs in the future
Uber will lay off 3,000 more employees starting this week, the company announced Monday, bringing the total layoffs this month to 6,700. The layoffs represent a quarter of the company’s total workforce worldwide. The coronavirus pandemic has led Uber’s profits to dip as much as 80% across the board. In an email to staff Monday,… Continue reading Uber’s CEO told employees that he hopes — but doesn’t promise — the company is done with layoffs in the future
As Uber cuts 25% of its global workforce, many European employees still don’t know ‘if we’ll be fired or not’ (UBER)
While Uber employees in the US heard on Monday about the second major round of job cuts at the company, those in Europe are still waiting. Because of the complexities of government regulation around pandemic-related permanent layoffs, Uber was not able to tell all impacted employees about the cuts on Monday, the company said in… Continue reading As Uber cuts 25% of its global workforce, many European employees still don’t know ‘if we’ll be fired or not’ (UBER)
‘I am truly sorry’: Read the full email Uber’s CEO sent employees after laying off 25% of the company’s staff in 2 weeks (UBER)
Uber on Monday confirmed Business Insider’s reporting that it planned to lay off 3,000 more workers in addition to its previous round of 3,700 job cuts earlier this month. Together, the layoffs represent about a quarter of the company’s entire global workforce, which stood at 28,600 at the end of March. In an email to… Continue reading ‘I am truly sorry’: Read the full email Uber’s CEO sent employees after laying off 25% of the company’s staff in 2 weeks (UBER)
Uber confirms it will lay off thousands more employees and close 40 offices to further cut costs (UBER)
Uber on Monday confirmed that it would cut 3,000 more jobs while closing dozens of offices and scaling back money-losing bets to slow steep revenue losses incurred because of the coronavirus pandemic. The announcement by CEO Dara Khosrowshahi follows a Business Insider report over the weekend by Julie Bort that more layoffs were imminent. Coupled… Continue reading Uber confirms it will lay off thousands more employees and close 40 offices to further cut costs (UBER)
Waymo expands first external investment round to $3 billion
Waymo has added an additional $750 million to the $2.25 billion funding round that it first announced in March, bringing the total size of the financing (its first from investors outside of Alphabet) to $3 billion. The extension comes from new investors, including those managed by T. Rowe Price, Perry Creek Capital, Fidelity Management and… Continue reading Waymo expands first external investment round to $3 billion
UPDATE 2-Uber to focus on core rides, delivery business as cuts more jobs
(Reuters) – Uber Technologies Inc (UBER.N) will concentrate on its core businesses in ride-hailing and food delivery, Chief Executive Officer Dara Khosrowshahi said in an email to employees on Monday, announcing the company’s second round of job cuts during the coronavirus pandemic. FILE PHOTO: Uber’s logo is pictured at its office in Bogota, Colombia, December… Continue reading UPDATE 2-Uber to focus on core rides, delivery business as cuts more jobs
Uber lays off another 3,000 employees
Uber is laying off another 3,000 employees, the Wall Street Journal first reported. Uber is also closing 45 offices, and rethinking its approach in areas like freight and autonomous vehicle technology. “I knew that I had to make a hard decision, not because we are a public company, or to protect or stock price, or… Continue reading Uber lays off another 3,000 employees
The first Vision Fund is officially done investing (and spent $100M every day of its existence)
There is a flurry of news out of SoftBank this morning, which announced its Fiscal Year 2019 (ending March 31, 2020) financial results overnight. It’s been a bad year for the Vision Fund, with huge losses at WeWork and Uber due to corporate incompetence, intrigue, and of course, COVID-19. But buried a bit in the… Continue reading The first Vision Fund is officially done investing (and spent $100M every day of its existence)