The layoffs include most of the executive team at Postmates, the food delivery app that Uber bought last year.
Uber built a business on the backs of drivers and, now, restaurants. But the company’s chief Dara Khosrowshahi says it’s not part of the ‘menace economy.’
Company executives once said having cars that can drive on their own would be a salvation for their business. But the effort turned into a legal and financial headache.
A group that also includes Lyft and DoorDash has spent nearly $200 million to support a California proposition that could save them from a new labor law.
Gig workers deserve the dignity of fair compensation.
Both are threatening to pull out of California this week over a law requiring them to treat their workers as full-fledged employees.
Under pressure to classify their freelance drivers as full-time employees, the ride-hailing companies are discussing another option.
Uber said revenue fell 29 percent in the second quarter because people traveled less, but food deliveries soared.
Only a small number of large companies have tied executive compensation to goals for hiring and promotion of workers from underrepresented groups.
The city was among the first to close and among the first to reopen. But Uber’s lessons there could be difficult to duplicate elsewhere.
Lyft, Uber and Airbnb depend on travel, vacations and gatherings. That’s a problem when much of the world is staying home.
The ride-hailing companies are accused of defying a new state law that says gig workers should be treated as employees.