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Tag: Uber (page 1 of 2)

Uber to expand tech, product teams in India; plans to hire 250 engineers 

Uber announced that it is planning to hire around 250 engineers for its Hyderabad and Bangalore-based teams. The hiring of engineers aims to improve rider and driver growth, delivery, eats, digital payments, risk & compliance, marketplace, customer obsession, infrastructure, ad tech, data, safety, and finance technology teams. Uber is looking to expand its teams with engineers who can solve the mobility and delivery problem.

Uber India earnings take a plunge due to second wave of COVID-19

The US-based cab aggregator Uber released a statement mentioning the downfall experienced by them in India due to the pandemic and new lockdown rules. Uber CFO said the performance in major cities in India expected a drop of 30-40%, which is in contrast to that of the US and the UK which have managed to recover 62% and 80% respectively, compared to April 2019. Uber’s overall bookings grew 24% YoY to $19.5 bn in the March quarter, of which the food delivery business drove $12.5 bn.

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Uber to reopen San Francisco offices with 20% occupancy next week

Uber is reopening offices in San Francisco with a 20% occupancy on March 29, with the option for its staff to return to work on a “voluntary basis”. The ride-hailing app had previously extended its WFH policy until Sept 13. The employees returning to work are asked to strictly adhere to COVID-19 protocols — wearing a face mask, maintaining social distancing, wiping desks etc. Employees or those with sick family members are required to stay at home, Uber said.

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Uber extends WFH till September 13

Uber Chief People Officer Nikki Krishnamurthy informed the employees that the work from the home policy has been extended through Sept 13. Moreover, the company is encouraging its employees to take off and get vaccinated. She also added that even though, IT or other roles require physical presence the employees cannot be forced to go into the office due to medical concerns. Uber is likely to announce a hybrid work model, post -Covid, which is still a work in progress.

Uber may sell its Autonomous car division to rival Aurora

Uber is in talks for selling its self-driving car division to rival Aurora Innovation. The car division was recently valued at $7.25 billion following a $1 billion investment from Toyota and DENSO. With this deal, Uber Advanced Technology Group (Uber ATG) would make a bumpy ending as the venture is suffering from several issues. The terms of the deal are still unknown. Aurora, founded by veterans from Google, Uber and Tesla worth at $2.5 billion.

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Uber looks to India for cost-cutting, to hire 225 engineers

Uber said is working to hire 225 engineers in India, strengthening its tech team in the key overseas market months after it eliminated thousands of jobs globally. The ride-hailing firm, which competes with Ola, said it has hired Manikandan Thangarathnam, who spent nearly 13 years as a director of engineering at Amazon, to lead the company’s rider and platform engineering teams in Bangalore. Uber announced it would hire 140 engineers in India last month.

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Uber expands business with two new commute specific services

Ride hailing app Uber has launched two new commute specific services – employee group rides and business charter. The two services are aimed to help businesses support their employees’ daily commute. Employee group rides will enable employees from the same organization to book rides together to travel to work. To ensure safety, the company has introduced tech-driven solutions like Go Online Checklist, a mandatory mask policy etc.

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Ola fails to get Transport for London ride-hailing licence renewed

Just 6 days after Uber won its appeal against London transport regulators to continue operating in London for another 18 months, one of its biggest rivals – Ola – has failed to get its licence renewed. TfL discovered multiple failures in Ola’s operations, like the use of unlicensed drivers and vehicles. Ola plans to appeal the decision, as was the case with Uber, under TfL’s rules, a company is allowed to continue operating while appealing a decision.

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US charges ex-Uber security officer for hiding a 2016 massive data breach

The US DoJ has charged Joseph Sullivan for deliberately keeping the FTC from learning about the 2016 cyberattack that exposed the personal info of 57M of Uber’s customers and drivers. Joseph was the Chief Security Officer in Uber Technologies and this is the first time a security officer is charged for concealing an attack. Sullivan paid hackers with $100K under Uber’s bounty programme and made them sign NDAs that falsely stated they had not stolen data.

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