Tag: Uber

Uber appoints Prabhjeet Singh as President of India and South Asia

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…

Uber to lay off 3,000 additional employees and trim down investment

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…

Uber in talks with rival GrubHub for a possible takeover

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…

Uber joins as new founding member of Internet Ecosystem Innovation Committee

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 leads $170 mn funding round in bike-sharing startup Lime

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,…

Uber’s Careem cuts 31% of its workforce amid coronavirus

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…

Uber India expected to lay off some employees

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…

Uber CTO resigns amid coronavirus pandemic; Layoffs expected

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…

Flipkart, Uber partner to deliver everyday essentials to consumers across three cities

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…

Uber to compensate drivers infected with Coronavirus

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…