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.
When adjusted for interest, taxes, depreciation, and amortisation, Uber CEO expects profitability in 2021.
Uber's first earnings report after IPO: Ride-hailing service loses $1 billion in quarter as costs grow for drivers, food delivery
With its share price trading more than 10 percent below its IPO price of $45, Khosrowshahi will have to convince investors 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 'on track' for IPO in 2019, no plans to sell self-driving car research unit, says CEO Dara Khosrowshahi
Uber is 'quite optimistic' it can resume testing of self-driving cars later this year after a fatal crash involving an autonomous Uber car in Tempe, Arizona in March
MIT is revisiting its study on Uber and Lyft drivers' minimum wages after rebuttal by Uber CEO Dara Khosrowshahi
Khosrowshahi criticised the MIT study in a tweet on Friday as “Mathematically Incompetent Theories (at least as it pertains to ride-sharing),” and linked to a response by Uber chief economist
Uber to stay invested in India, strategy not to change with Softbank acquiring stake, says CEO Dara Khosrowshahi
Asked if SoftBank, which is also an investor in rival and India's market leader Ola, has asked Uber to focus on profitable market, he said the company's strategies are decided by the board.
Uber CEO at IIT Delhi: 'I want to make a huge investment in increasing tech talent here,' says Dara Khosrowshahi
We join the CEO of ride-hailing service giant Uber, Dara Khosrowshahi live from IIT Delhi where he will be in fireside chat with CNBC's Shireen Bhan.
Uber-Waymo trial: Travis Kalanick compares Uber's early relation with Google as that of a little brother to a big brother
Although famous for his hot-headed temperament, Travis Kalanick kept his cool on 7 February and offered short, subdued responses to Waymo’s attorneys.
Uber had argued it was simply a digital app that acted as an intermediary between drivers and customers looking for a ride and so should fall under lighter EU rules for online services.
On 22 November, Whitman told media that talks with Uber had not been a factor in her decision to leave HPE “at all.”
The legal dispute started two weeks ago when Benchmark sued Kalanick in Delaware's Chancery Court to force him off Uber's board and rescind his ability to fill three board seats.
Venture capital firm Benchmark Capital said on Monday it gave Uber Technologies Inc and its ousted chief executive, Travis Kalanick, a month to review its recommendations before filing a lawsuit last week
Uber’s case is not an ordinary PR disaster
Many a times the founders may not be the best person to lead the company through all its stages.
Five large investors, including venture capital firm Benchmark, demanded that the Uber CEO resign immediately in a letter delivered to Kalanick.
General Motors expects to deploy the vehicles within the month in San Francisco and Scottsdale, Arizona, with its ride-sharing affiliate Lyft Inc, after a final test in Michigan.
The meeting, which Uber has not publicized, could be a pivotal moment for the world's most valuable venture-backed private company,
Uber Technologies Inc's board will discuss Chief Executive Travis Kalanick temporarily stepping away from the embattled ride-hailing firm.
If a leader does not allow space for conversation and divergent views from employees, he cannot be called a leader in the true sense of the term