Uber is cutting about 3 300 jobs, roughly a tenth of its global headcount, in a restructuring designed to flatten its management hierarchy and concentrate resources on three things: ride-hailing, delivery and autonomous vehicles. The number of managers is being slashed by 20%. On the same day it announced the cuts, the company closed its operations…
Uber Technologies is cutting approximately 3,300 corporate jobs, roughly 10 percent of its global workforce, as part of a sweeping operational restructuring designed to flatten management hierarchies and concentrate capital on ride-hailing, delivery, and autonomous vehicles. The retrenchment slashes management roles by 20 percent and reduces overall headcount to under 30,000, returning staffing to levels…
The Dutch Data Protection Authority (Autoriteit Persoonsgegevens, or AP) has hit Uber with an €824.9 million ($966 million) fine for violating the European Union’s General Data Protection Regulation (GDPR). The regulatory watchdog concluded that the ride-hailing company systematically deactivated driver accounts between 2018 and 2022 using fully automated systems without human intervention, illegally stripping drivers…
Uber agreed to acquire Germany’s Delivery Hero in a deal valuing the food delivery company at $14.8 billion, creating the world’s largest food delivery platform outside China and expanding its reach to 99 markets. The U.S. company is offering €41.50 per share, a premium of about 34% to Delivery Hero’s three-month average share price. Uber,…
Commuters waiting to watch the Gautrain. Image: Paul Scott The Gautrain Management Agency (GMA) plans to launch its own Uber- and Bolt-style e-hailing service in October, News24 reported on Friday. The move pushes the state-owned commuter rail operator deeper into the broader urban-mobility market at a moment of flux in South Africa’s ride-hailing industry. The…
At its annual Go-Get product showcase, Uber announced a significant expansion of its services, positioning itself as a direct competitor in the travel and personal assistance markets. The updates aim to transform the platform into a comprehensive travel hub, rivalling the “everything app” vision often associated with competitors like X. Read: ASUS launches the dual-screen…
Prosus, the Naspers-controlled technology investment giant, has sold a 4.5% stake in the German food delivery platform Delivery Hero to Uber Technologies. The transaction, valued at approximately €270 million, represents a strategic move to satisfy regulatory requirements set by the European Commission. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: Apple smart glasses! Under the…
Prosus’s stake in Delivery Hero will drop to 21.8% after a share sale to Uber. JSE-listed Prosus has sold a 4.5% stake in its German delivery platform, Delivery Hero, to Uber for R5.2 billion. Prosus, which operates as Naspers’s international arm, says the sale is part of a European Commission requirement for its takeover of…
Naspers subsidiary Prosus has sold a 4.5% stake in German food delivery group Delivery Hero to Uber Technologies for about €270-million, taking a further step towards meeting European Commission commitments imposed as a condition of its takeover of Just Eat Takeaway.com. The Naspers-controlled technology investor said on Friday it had agreed to sell roughly 13.58…
Uber sub-Saharan Africa GM Deepesh Thomas Uber has pledged R5-billion in investment in South Africa over the next three years, but the ride-hailing giant has acknowledged that the commitment is a mix of previously planned spending and genuinely new investment. The pledge, announced at the South African Investment Conference on Tuesday, follows a pattern of…
