Tag: Uber
Uber is laying off 3,700, as rides plummet due to COVID-19
In an SEC filing dating back to last week, Uber disclosed that plans to layoff 3,700 employees. The figure amounts to around 14% percent of the ride hailing giant’s total workforce. In the document, the company states that the job loss is part of a planned reduction in operating expenses,…
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The great unicorn retreat
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re taking stock of what’s happening to a number of unicorns, both public and private. This is the third time we’ve sat down to document what feels like a…
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California sues Uber and Lyft for allegedly misclassifying drivers
California’s Assembly Bill 5 was designed to confront the ridesharing industry over its treatment of drivers, and now that confrontation is officially underway. State Attorney General Xavier Becerra and City Attorneys for Los Angeles, San Diego and S… Source
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Uber and Lyft face worker misclassification lawsuit from CA Attorney General and city attorneys
California Attorney General Xavier Becerra, along with city attorneys from Los Angeles, San Diego and San Francisco, filed a lawsuit asserting Uber and Lyft gain an unfair and unlawful competitive advantage by misclassifying workers as independent contractors. The suit argues Uber and Lyft are depriving workers of the right to…
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Gig workers in San Francisco are mostly people of color and many are immigrants, according to survey
Gig workers have become an essential part of our society during the COVID-19 global health crisis. But even before the pandemic, gig workers had become a staple in the lives of many people who use services like Uber, Lyft, Instacart, DoorDash and Postmates. Despite the growing presence of gig workers,…
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As Uber (reportedly) squeezes Lime, scooter startups run low on juice
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. In December of 2019, this column wrote an entry detailing Uber’s micro-mobility efforts. Just six months ago — a mere two quarters — Uber’s Jump team was on the record…
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