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Uber May Soon Let You Book Flight Tickets on its App Uber May Soon Let You Book Flight Tickets on its App
Politics / Technology

Uber May Soon Let You Book Flight Tickets on its App

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Ride-Hailing Businesses Begin to Recover Ride-Hailing Businesses Begin to Recover
Politics

Ride-Hailing Businesses Begin to Recover

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Sourced from Forbes. Uber Technologies Inc.’s global rides business is down 70% from this time last year, a small improvement from its rock-bottom fall during the beginning of the coronavirus pandemic. Though slight, it is an indication that recovery is coming, albeit slowly. The decline in rides seems to be offset, if partially, by a boom in food delivery. Uber Eats’ gains have more than doubled, and they continue to accelerate, says Dara Khosrowshahi, Uber’s CEO, speaking at a virtual tech conference hosted by Bank of America. Bloomberg reports that the ride-hailing company intends to continue to look for opportunities in the food delivery market. Khosrowshahi declined to comment on Uber’s proposal to buy Grubhub Inc., which was first reported by Bloomberg last month. Since being so hars...

Politics

Uber Lays Off 14% of Global Workforce due to COVID-19

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Sourced from CNet. Uber is laying off thousands of its employees as the ongoing pandemic continues to impact business. The company said in a filing on Wednesday that it is cutting about 3,700 full-time roles or roughly 14% of its staff on the company’s customer support and recruiting teams in response to the reduced volume of ride requests and the company’s hiring freeze. Uber also said in the filing that CEO Dara Khosrowshahi will waive his base salary for the rest of 2020. “Days like this are brutal. I am truly sorry that we are doing this, just as I know that we have to do this,” Khosrowshahi wrote in an email about the layoffs to staffers, which was viewed by CNN Business. /* custom css */ .tdi_3_5b8.td-a-rec-img{ text-align: left; }.tdi_3_5b8.td-a-rec-img img{ margin: 0 auto 0 0; } Th...