This money will go to two criminal justice reform groups “in solidarity with the Black community.” He said: “Lasting change will only come from reforming the systems that have led us to where we are today.” The donation comes after protests continue to escalate across the U.S. over the killing of Floyd George.
Uber Technologies Inc plans to focus on its core businesses in ride-hailing and food delivery. According to Reuters, the company cut 23 percent of its workforce to try and become more profitable. Chief Executive Officer Dara Khosrowshahi wrote an email to employees telling them the news. Khosrowshahi said Uber will cut 6,700 jobs and will reduce investment in “non-core projects.” Shares for Uber were up 6.9 percent to $34.69 after the announcement.
Uber will concentrate on its core businesses in ride-hailing and food delivery and cut 23% of its workforce in an attempt to become profitable despite the coronavirus pandemic, Chief Executive Officer Dara Khosrowshahi said in an email to employees on Monday. This report produced by Yahaira Jacquez.
Uber Technologies, Inc. on Wednesday said it will require drivers, delivery workers and riders globally to wear a mask as countries around the world begin easing restrictions aimed at curbing the spread of the coronavirus. Freddie Joyner has more.
The NY Times and Business Insider report that Uber is holding acquisition talks with food delivery startup Postmates. Earlier this year Uber was reported to be holding acquisition talks with Grubhub. But those talks reportedly fell through. In mid-June Grubhub announced it was merging with Just Eat. Postmates is smaller than Grubhub, and would be more amenable to a take-over.
Just Eat Takeaway, a food-delivery service based in Europe, bought Grubhub. According to Gizmodo, while sales have spiked, operation costs have also been high. The acquisition of Grubhub makes it the largest digital food delivery service operator outside of China. Stories analyzing the deal pointed out a European deal was less likely to get blocked by antitrust regulators. Before Just Eat Takeaway acquired Grubhub, Uber wanted to also buy the food-delivery service.
Travis Kalanick is the founder of Uber. He was recently kicked out of the company. Business Insider reports that Kalanick founded CloudKitchens, a delivery-only restaurant operation. Kalanick says the company is the victim of arson. On Twitter, the company said two fires were started. They posted video evidence of the intruders. The company is worth more than $7 billion. It's funded from Kalanick's Uber wealth as well as Saudi Arabia.
On Friday, Walmart CEO Doug McMillon sent an email to employees addressing racial injustice and the death of George Floyd.
He said the company is committed to making changes to improve racial equity,..