KHOSROWSHAHI
Uber's profit forecast disappoints as driver shortages, Middle East conflict hurt
The company is responding by spending more to recruit and retain drivers, a cost that will be watched closely because it comes as the company also funds a major push into autonomous vehicles and a string of acquisitions.
Uber to buy US catering platform ezCater for $2.3 billion
Founded in 2007, ezCater lets companies order food from caterers for corporate events, meetings and workplace meals.
Uber's 3,300 job layoff memo has a warning for work-from-home employees and managers; the company has put a limit on who will be allowed to stay remote
Uber is cutting about 3,300 jobs while sharply limiting fully remote work to just 1% of its workforce. Most remote employees will be asked to move closer to designated team offices, while the three-day hybrid policy stays. Managers will also be expected to work alongside their teams as Uber reshapes its workplace structure.
Layoffs at Uber; Astrobase eyes fresh fundraise
Uber will cut thousands of jobs in a restructuring move. This and more in today’s ETtech Top 5.
Uber Layoffs: CEO Dara Khosrowshahi Says “This wasn’t a decision we made lightly” as company cuts 3,300 jobs globally
In a bold move, Uber is set to cut its workforce by roughly ten percent, affecting around 3,300 staff members. This decision is part of a larger strategy to streamline management and improve team functionality across the globe. The cost savings will be funneled into crucial areas such as ride-sharing innovations and the development of autonomous vehicles.
Uber layoffs impact India; RMG ban, a year on
Happy Thursday! Uber is cutting jobs in India as part of a sweeping global restructuring. This and more in today’s ETtech Morning Dispatch.
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Uber may lay off 200-250 employees in India as part of global restructuring
Globally, Uber is eliminating around 3,300 roles, or about 10% of its workforce, as part of a restructuring aimed at reducing management layers and reallocating spending towards its ride-hailing, delivery and robotaxi businesses. Bloomberg first reported the global layoffs.
Uber to cut 3,300 jobs in company overhaul to reduce management layers
Chief Executive Officer Dara Khosrowshahi announced the changes in an email obtained by Bloomberg News, saying that Uber’s growth in recent years has created “more layers, more coordination, more fragmented ownership, and in some cases structures that made sense when businesses were smaller but no longer serve us well at our current scale.”
Uber still ahead despite stiffening competition, playing to win: CEO Dara Khosrowshahi
Uber CEO Dara Khosrowshahi asserts the company's dominance, highlighting expansion into allied businesses and India's projected rise as its largest market. He also expressed openness to revisiting food delivery and potentially partnering with Travis Kalanick on autonomous vehicles, while emphasizing India's growing role in AI infrastructure development.
Uber open to teaming up with Travis Kalanick on autonomous vehicles: CEO Dara Khosrowshahi
Uber CEO Dara Khosrowshahi expressed openness to partnering with ousted founder Travis Kalanick on his new autonomous vehicle venture. This marks a significant shift, as Uber previously sold its self-driving unit and now favors a partnership-led strategy in autonomous mobility.
Uber to add two new tech centres in India: CEO Dara Khosrowshahi at Bengaluru townhall
Uber CEO Dara Khosrowshahi announced plans for two new tech centers in Bengaluru and Hyderabad by the end of 2027, significantly expanding its India footprint. The company is also prioritising its two-wheeler market, which has become a key growth segment despite regulatory hurdles and rising fuel prices.
Uber to set up first India data centre with Adani Group
Uber CEO Dara Khosrowshahi announced the company's first data center in India, a collaboration with the Adani Group, set to launch later this year. This facility will be instrumental in testing and deploying Uber's technology at scale.
Uber CEO Dara Khosrowshahi begins five-day India visit; meets finance minister Nirmala Sitharaman
Uber CEO Dara Khosrowshahi is in India, meeting top ministers to discuss strategic investments and platform growth. He highlighted a quadrupling of earners on Uber's platform since 2022, emphasising partnership for India's development. The visit occurs amid heightened competition and Uber's focus on premium services and fleet operator investments.
Uber not a holding company: CEO Dara Khosrowshahi on why he sold Zomato stake
Uber CEO Dara Khosrowshahi emphasized India's crucial role for Uber, ranking third in mobility trips with significant driver growth. He highlighted Ola's decline due to distractions, positioning Rapido as a key competitor with its subscription model, while Uber remains focused on its core mobility business and profitability in the Indian market.
Leave if you don't like it: Uber CEO Dara Khosrowshahi's waring to employees amid return-to-office push
Uber is reinforcing its return-to-office mandate, requiring employees to be present at least three days a week starting in June. CEO Dara Khosrowshahi acknowledges that these changes, along with adjustments to benefits like sabbatical eligibility, may not suit everyone. He suggests that those unhappy with the new policies are free to seek opportunities elsewhere, given the strong job market.
Elon Musk’s robotaxi vision: Could Tesla and Uber join forces? Uber CEO weighs in
Uber CEO Dara Khosrowshahi says no one wants to compete with Elon Musk’s Tesla, calling its capabilities extraordinary. He sees a Tesla-Uber partnership as a win-win.
Uber CEO Dara Khosrowshahi on cofounder Travis Kalanick: “distance has allowed healing to happen”
Responding to a question on whether India’s importance for Uber had changed since Travis Kalanick’s departure, Khosrowshahi said, “I’m a different kind of leader…I’m not necessarily going to do a bunch of arm-waving. That has its place and can be effective but our position in India as a company has never been stronger”.
Anand Mahindra makes a confession after meeting Uber CEO Dara Khosrowshahi for second time
Mahindra Group Chairman Anand Mahindra met with Uber CEO Dara Khosrowshahi during his visit to India. They had first met at Davos during with Mahindra had doubts about Khosrowshahi's tenure and Uber's longevity. However, Khosrowshahi transformed Uber, leading to significant growth and market capitalization. Mahindra praised Khosrowshahi's leadership.
Indians are extremely demanding, but are not willing to pay for anything: Uber CEO Dara Khosrowshahi
During a conversation with Nandan Nilekani, Uber CEO Dara Khosrowshahi highlighted the Indian market's demands and reluctance to pay. He plans to introduce low-cost service segments and bus services to cater to a wider population. Uber made $3 billion in profits and signed an MoU with ONDC to expand its mobility offerings.
Dara Khosrowshahi hails India’s DPI as Uber inks MoU with ONDC
During a conversation with Infosys chairman Nandan Nilekani, Uber CEO Khosrowshahi called India one of the “toughest markets for Uber”, and said that for Uber, it is the gateway for the rest of the world..
Uber to cut costs, focus on unit economics, CEO Dara Khosrowshahi tells staff
Uber will cut marketing and incentive spending and treat hiring as a "privilege" to meet the shift in economic attitude, Khosrowshahi said.
In India, you have to play the long game: Uber chief Dara Khosrowshahi
Khosrowshahi was speaking to Rishi Jaitly, the founding CEO of Times Bridge, an investment arm of the Times Group, at the virtual i3 Summit, which brings together Indian and global business leaders to talk about the domestic market’s complexity, opportunities and challenges.
East meets west: Uber CEO Dara Khosrowshahi slays in Nehru jacket, balances traditional with western attire
The traditional Nehru jacket was Khosrowshahi’s weapon of choice during his recent trip to India.
Dara Khosrowshahi flags off Delhi metro ride on Uber, says in for long haul
“India is a fundamental part of Uber’s growth going forward. It is a very important market for us, a a top-10 market for us. We will continue to invest here. Profitability metrics across our business here are improving,” Dara Khosrowshahi said.
Uber CEO Dara Khosrowshahi's mother wouldn't buy a cup of coffee worth 15 cents
Lili Khosrowshahi was talking about their tough days when money was limited.
Dara Khosrowshahi optimistic that Uber will be profitable, one day!
Retooling the firm’s culture and coming up with a strategy is keeping the CEO busy.
Uber to reinvest profits back into tech, emerging markets like India: Dara Khosrowshahi
Khosrowshahi said the company's core business has continued to perform very well and the number of trips on the platform grew 43 per cent, while bookings grew 55 per cent to $11.3 billion compared to last year.
Narendra Modi is my favourite entrepreneur: Uber CEO Dara Khosrowshahi
Speaking at the ET’s Global Business Summit, Dara Khosrowshahi said he wishes to do the same for Uber, what the Indian Prime Minister is doing for India.
Uber CEO Dara Khosrowshahi to visit India on Feb 22-23
This will be the maiden visit of Khosrowshahi to India. The former Expedia executive was named CEO of Uber in August last year.
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