• NYC Council agrees to cap Grubhub, UberEats fees during pandemic

    NYC Council agrees to cap Grubhub, UberEats fees during pandemic

    The New York City Council compared food ordering apps like Grubhub and UberEats to blood-sucking parasites on Wednesday before passing emergency legislation aimed at helping struggling restaurants lower their delivery costs during the pandemic. During the state of emergency caused by the coronavirus, food ordering and delivery apps will not be allowed to charge restaurants …
  • Uber to require all drivers and passengers to wear face masks

    Uber to require all drivers and passengers to wear face masks

    Beginning Monday, Uber will require its drivers and passengers worldwide to wear face masks during trips in a bid to curb fears about the spread of coronavirus. The ride-hailing giant’s new mandate arrived along with a number of other COVID-19-related safety features that will become mandatory. Uber also said its Uber X ride service was …
  • Uber CEO reportedly favored rank-and-file layoffs over pay cuts for top execs

    Uber CEO reportedly favored rank-and-file layoffs over pay cuts for top execs

    Uber CEO Dara Khosrowshahi reportedly vetoed a request from the ride-hailing giant’s top executives to cut their own salaries in order to avoid laying off rank-and-file workers, paving the way for thousands of pink slips. A number of the ride-hail giant’s engineering leaders last month told Khosrowshahi that they and other managers were willing to …
  • Uber still haggling with GrubHub over price for acquisition: report

    Uber still haggling with GrubHub over price for acquisition: report

    Uber’s attempt to gobble up rival food delivery startup GrubHub isn’t a done deal just yet, as the both sides are reportedly still squabbling over price. News of the acquisition talks sent shares of GrubHub up nearly 30 percent Tuesday, but they slipped slightly by 3.7 percent Wednesday as details of firm numbers remained scarce. …
  • Grubhub shares soar on reports of Uber acquisition talks

    Grubhub shares soar on reports of Uber acquisition talks

    Uber is reportedly in talks to acquire food delivery giant Grubhub. The ride-hail company is looking to buy Grubhub at a time when it has seen its Uber Eats delivery platform surge in popularity during the coronavirus pandemic, according to the Wall Street Journal. Reports of the talks sent Grubhub shares spiking more than 25 …
  • Uber lays off 3,500 workers in 3-minute Zoom call

    Uber lays off 3,500 workers in 3-minute Zoom call

    Uber laid off 3,500 people — in a 3-minute Zoom call — last week. “Today will be your last working day with Uber,” company manager Ruffin Chevaleau informed customer-support employees in a video phone call, according to footage obtained by the Daily Mail. “Right now, the rides business is down by more than half due …
  • Uber reports $3 billion loss as coronavirus slams ride-hailing

    Uber reports $3 billion loss as coronavirus slams ride-hailing

    Uber reported a quarterly loss of nearly $3 billion on Thursday, it’s biggest in three quarters as the coronavirus pandemic squeezes its ride hailing business. The stock dipped slightly in late trading on the massive loss before rising more than 6 percent after CEO Dara Khosrowshahi said there are reassuring signs in markets hit badly …
  • Uber lays off 3,700 employees as coronavirus ravages business

    Uber lays off 3,700 employees as coronavirus ravages business

    Uber said Wednesday it will shed nearly 15 percent of its workforce as the coronavirus pandemic ravages its business. The cuts will see the struggling ride-hail giant lay off 3,700 of its nearly 27,000 employees and will cost the company $20 million in severance and other related termination benefits. The cuts will mainly hit its …
  • California sues Uber, Lyft for classifying drivers as contractors

    California sues Uber, Lyft for classifying drivers as contractors

    California sued Uber and Lyft this week for treating their drivers as contractors rather than full employees, in the latest episode of the state’s feud with big tech companies. The Tuesday complaint accuses the ride-hailing giants of misclassifying their drivers as independent contractors and denying them protections such as a minimum wage, overtime pay, sick …
  • Uber’s Middle East business cuts 31 percent of workforce

    Uber’s Middle East business cuts 31 percent of workforce

    Uber Technologies’ Careem subsidiary said on Monday it was cutting 536 jobs this week, representing 31 percent of the Dubai-headquartered company’s workforce. The announcement came hours after Uber said it was shuttering its Eats delivery business in several markets, including the Middle East, and laying off dozens of staff. Careem, which operates ride-hailing and delivery …