Uber sells its robot-vehicle division as pandemic hits revenues of the company
San Francisco-based Uber will lose a critical piece of its company after the pandemic cut into its finances by suppressing demand for shared rides.
Uber cuts 600 jobs in India due to COVID-19; 'made the decision so that we can look to future with confidence', says country head
Uber announced it is laying-off a fourth of its total headcount of 2,400 in the country across customer and driver support, business development, legal, finance, policy and marketing verticals.
Uber to cut 3,000 more jobs in second round of layoffs; 'made incredibly difficult decision to reduce workforce', says CEO in mail to employees
Uber Technologies Inc, the San Francisco-based ride-hailing company, is laying off 25 percent of its staff. It will cut a total of 6,700 jobs, including the 3,700 it had announced earlier this month, Chief Executive Officer Dara Khosrowshahi said.
Uber posts massive losses, to lay off 3,700 employees; banks on food-delivery momentum
Uber recorded $3.54 billion in total revenue for the first three months of the year, roughly in line with analyst estimates, but still posted a $2.9 billion loss in the period.
Uber co-founder Travis Kalanick severs ties with ride-services firm; sells all his shares to focus on industrial kitchens
When Kalanick resigned in the summer of 2017, the company had been through a bruising six months during which employees accused the former CEO of fostering a toxic work culture that encouraged sexual harassment and bullying
Uber has entered new era of focussing on profits, CEO Dara Khosrowshahi feels he's the right guy for the company now
Khosrowshahi said Kalanick had done “an incredible job” of building the company. But Uber has entered a new period of focusing on profits.
Uber layoffs: Around 10% employees of cab aggregator in India lose jobs in global retrenchment drive
Uber CEO Dara Khosrowshahi announced the layoffs in a company-wide email.
Uber unveils revamped version of its mobile app with more security features
Uber's ramped up security features include an option for people awaiting rides to receive four-digit codes.
Uber lays off 435 more employees from its engineering team in wake of Q2 2019 loss
The company had reported a loss of $5.2 billion in the second quarter of 2019
Uber loses $1 billion in first quarter as costs for drivers, food delivery grow
Uber CEO Dara Khosrowshahi will have to soon convince investors that Uber can turn a profit.
As IPO nears, Uber clings to hard-knuckled tactics in pursuit of growth; 'old habits die hard', says former manager
Uber’s sharp-elbowed business tactics, detailed by lawmakers, city staff and regulators across the globe, as well as drivers and former employees, continue to drive the company.
Uber unveils IPO with warning it may never make a profit; operating expenses to increase significantly in future
Although Uber's user base includes customers of other services as well as ride-sharing, Uber’s 91 million is nearly five times the 18.6 million announced by rival Lyft Inc.
Uber goes to British court today to defend business model over UK worker rights; CEO says will preserve flexibility of contracts
Rights at firms such as Uber, fellow taxi service Addison Lee and food courier Deliveroo have risen up the political agenda in Britain as more people work for companies without fixed hours or a guaranteed income.
Uber defends in court its business model of treating drivers as self-employed
Uber defends its model of treating drivers as self-employed, entitling them few rights in law.
Uber aims to go all-electric in London by 2025 with an additional clean air fee
Uber will also add a clean air fee to rides to help drivers go green, to cut pollution in London.
Google, Uber and many prominent names have pulled out of Saudi investor conference
Diane Greene, Google’s head of cloud computing pulled out of FII without explanation.
Uber says it could be valued at $120 billion for its IPO next year
Proposed valuation of Uber is about $50 billion more than the company’s most recent valuation.
Google withdraws from Saudi investor conference prompted by Khashoggi case
Businesses are not attending the Saudi investor conference due to Khashoggi’s disappearance.
Uber to pay $148 million as penalty for failing to disclose the 2016 data breach
The amount is the largest among attorneys general settlements in privacy cases.
Uber's new safety feature helps users react promptly in the event of a crash
Uber's Ride Check feature can also flag trip irregularities beyond crashes.