Uber announced that Prabhjeet Singh, previously Director Operations and Head of Cities for Uber, has been appointed as President of the India and South Asia region with immediate effect. In his new role, he will be overseeing the next phase of growth in the company’s mobility business and ensuring safety for riders and drivers across…
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 companies have been facing severe revenue losses due to the lockdowns imposed by the central government for the containment of the coronavirus. The recent extension of the lockdown, however, brought some relief for these companies. After almost 50 days of suspension of services, companies like Ola and Uber are back in business as…
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…
Ride hailing giant Uber is reportedly in advanced talks to takeover food delivery company GrubHub in an all stock deal. According to a Bloomberg report, the two companies could reach an agreement very soon. As soon as the news hit the market, shares of GrubHub jumped about 29% to $60.50, while those of Uber rose…
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.…
Uber, an American multinational ride-hailing company is leading a $170 million investment in scooter- and bike-sharing startup Lime, in a move that deepens the ties between the two “sharing economy” platforms, the companies said. Other investors that took part in the funding round are Alphabet, Bain Capital Ventures, GV and other existing and new investors,…
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…
Ride hailing platform Uber is reportedly planning to lay off around 500-700 employees from its India unit as the company struggles to operate in the country. Due to the coronavirus pandemic, New Delhi has imposed a nationwide lockdown since March owing to which movement of people has come to a standstill. Taxi and transportation services…
Ride-hailing giant Uber Technologies recently announced that it has decided to lay off 3,700 employees or 14% of its workforce due to the impact of the pandemic on the company’s business. According to the US SEC filing made by the company on May 2, the company is all set to execute a plan put in…
Ride-hailing giant Uber has recently announced the departure of its Chief Technology Officer Thuan Pham. According to a company regulatory filing, Pham’s resignation will be effective May 16. Pham had joined the ride hailing tech company in 2013 and was the longest serving executive of the company. His departure comes at a time when Uber…
Online marketplace Flipkart recently announced a partnership with Uber to provide people across Bangalore, Mumbai, and Delhi access to everyday essentials, amidst the ongoing national lockdown. This partnership will keep vital supply chains running and will address the growing needs of Flipkart customers to receive essential goods at their doorsteps every day. It will also…
Ride-hailing startup Uber Technologies Inc recently said that it will offer compensation to drivers and delivery people diagnosed with the coronavirus or placed in quarantine for up to 14 days. In an official statement, the company said that it has already started compensating drivers in some markets and is planning to implement the same benefits…