Ride-hailing company Uber will reportedly get a new boss for its food delivery business UberEats. The move is an attempt to continue growing its mail delivery services without spending much money. Jason Droege, the Uber executive who spearheaded UberEats launch in 2015, announced that he will be stepping down from his role as the Head…
Ride-hailing startup Uber has recently announced that it would strengthen its fintech process in India with the formation of Uber Money. It has even set up a team of over 100 technology professionals responsible for global financial products and technology innovations, at its Hyderabad Tech center. With the announcement, the company has surprised many who…
“When the oxygen mask falls down, try to save your own life before helping others.”Making the decision to quit your employer can be a difficult one. Leaving a good-paying safe job to a future of uncertainties can easily scare away the possibilities of resigning. But you’re not always in the position to make that decision…
Adding to the long list of layoffs by major startups, 245 employees of UberEats India are now on the verge of getting the pink slip after the company’s acquisition by Zomato. According to a report by The News Minute, these employees have been asked to leave the company by March this year. While 163 of…
It doesn’t seem that their troubles are getting over soon. In the past few months, OYO has managed to gather a different spotlight on itself with a New York Times report on its toxic work-culture, IT raids at their Gurugram headquarters and death of a sportsperson in one of their properties last year. Adding to troubles, came the firing of thousands of its employees from China and India business.
The Egyptian Competition Authority (ECA) said on Sunday it had approved ride-hailing group Uber’s acquisition of former regional rival Careem after the regulator agreed to a set of commitments proposed by the U.S.-based service. Uber bought Careem for $3.1 billion in March in a deal expected to close in January 2020. Careem will become a…
Former Uber CEO Travis Kalanick is resigning from the board of directors, severing ties with the ride-hailing company that he co-founded a decade ago and ran until a series of scandals led to his downfall. The departure, announced Tuesday, did not come as a surprise. Kalanick recently sold more than $2.5 billion worth of stock…
According to numerous media reports, Indian food delivery start-up Zomato is set to acquire the Indian operations of Ubereats, Uber’s food ordering and delivery platform. The deal is likely to close by the end of this year. According to reports, Uber will invest $150 – $200 million in Zomato after the deal. Earlier this month,…
Manik Gupta, Chief Product Officer (CPO) Uber, will step down from his position. He had joined the company in November 2015. As per a TechCrunch report, Gupta’s last day will be December 13. In his note to the team Manik mentioned, “After a few discussions with Dara as well as with my family—and now that…
Uber continues to downsize its global team amid mounting losses. Its its recent round of downsizing the company will layoff about 350 employees. The company has had a history of bleeding money amidst increased competition in the US and abroad. The company had a disappointing IPO in May, and since then the company has been…