The layoffs include most of the executive team at Postmates, the food delivery app that Uber bought last year.
High fees are cutting already thin margins to the bone.
The gig companies wrote new labor laws that are almost impossible to change.
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.
Modeled after food delivery services in Seoul, a tiny Koreatown business keeps neighborhood restaurants running through the pandemic.
The ride-hailing company’s core business has struggled in the pandemic, and it is betting on growth of its Uber Eats division.
The streaming company will shift some of its $5 billion in cash to financial institutions that focus on black communities.
The ride-hailing company has been trying to expand its food-delivery business to compensate for the collapse of its main business.