Goldman Sachs Group Inc hired Peeyush Nahar, VP of technology. at Uber Technologies Inc, to lead its consumer banking business, according to Reuters report. Nahar joins as the global head of its consumer business, which includes its online bank, Marcus. Nahar takes over Goldman’s fledgling consumer business at a time of turnover in the division…
Joby Aviation, a transportation company developing an all-electric, vertical take-off and landing passenger aircraft, has announced that Uber Technologies, Inc has agreed to invest a further $75 million in Joby as part of a broader transaction involving the acquisition of Uber Elevate by Joby and an expanded partnership between the two parent companies. This investment…
Ride-hailing giant Uber Technologies Inc has reportedly agreed on a deal to buy food-delivery app Postmates Inc for $2.65bn in an all-stock agreement. The development was first reported by Bloomberg News on Sunday, citing people familiar with the matter. According to the report, the deal has been approved by Uber’s board and might be confirmed…
Ride-hailing giant Uber recently announced that it has appointed its India business head Pradeep Parameswaran as the Regional Manager for its Asia Pacific region operations. His appointment will come in effect from next week. The former McKinsey executive will be tasked to improve Uber’s presence in the nine nations in the Asia Pacific region where…
Ride-hailing giant Uber recently announced that it is laying off 600 employees or 25% of its workforce in India as the company struggles to get business on track during the coronavirus pandemic. The recent layoffs from its India workforce are a part of Uber’s global downsizing exercise which will affect about 6,700 employees globally. India…
Ride-hailing giant Uber recently said that it has decided to lay off 3,000 more employees as coronavirus-led restrictions has reduced the demand for ride-hailing services. These job cuts are in addition to the 3,700 Uber had announced earlier this month. The employees were informed about the decision by Chief Executive Officer Dara Khosrowshahi in an…
The Internet Ecosystem Innovation Committee (IEIC), an independent committee that promotes internet diversity and resilience through the formation of new global internet nexus points, announced that Uber, has joined as a founding member. Dr. Jason Black, Head of Global Network Infrastructure at Uber Technologies, will be representing the company alongside the IEIC’s other founding members.…
Ride-hailing giant Uber has been witnessing a series of layoffs across departments of the company due to the coronavirus impact on the business. Recently, the company had announced that it is laying off 3,700 employees globally to save costs. Following the footsteps of its parent company, Uber’s subsidiary in Middle East Careem has now announced…