Uber CEO – pressnews

Uber CEO aims to get into cheap rides in ‘Toughest Market’ India

22Feb

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Technology

Uber CEO aims to get into cheap rides in ‘Toughest Market’ India

[ad_1] Uber Technologies Inc. wants to quicken an expansion into the cheaper but potentially larger market for two- and three-wheeled rides in India, extending a long-running rivalry with local provider Ola.Chief Executive Officer Dara Khosrowshahi on Thursday talked about how Uber was trying out services from scooters to motorbikes in what he called his “toughest market,” providing a model for expansion in other countries. The CEO also broached the idea of bus services during an onstage conversation in Bangalore with Nandan Nilekani, the billionaire co-founder and chairman of IT services company Infosys Ltd. Khosrowshahi is an infrequent visitor to an Asian country that represents one of his larger markets, particularly after pulling out of China and Southeast Asia. Uber just scored it...

Uber not planning layoffs: CEO

[ad_1] Ride-hailing giant Uber is not planning any company-wide layoffs, the US firm's boss said Thursday, bucking the downsizing trend in the tech sector. Ride-hailing giant Uber is not planning any company-wide layoffs, the US firm's boss said Thursday, bucking the downsizing trend in the tech sector. Uber employed some 32,600 drivers worldwide at the end of September, according to the company's last quarterly earnings report. "We're not at this point planning on any company-wide layoffs," Uber chief executive Dara Khosrowshahi said at a Wall Street Journal event on the sidelines of the World Economic Forum in Davos, Switzerland. Microsoft said Wednesday it would layoff 10,000 employees in the coming months as the economic downturn punishes US tech giants. Facebook-owner Met...

Uber CEO Says Won’t Cut Jobs Despite Mounting Tech Layoffs

[ad_1] Uber Technologies Inc. isn’t considering cutting jobs even as competitors from DoorDash Inc. to Lyft Inc. slash staff. Uber Technologies Inc. isn't considering cutting jobs even as competitors from DoorDash Inc. to Lyft Inc. slash staff to deal with an uncertain economic outlook, Chief Executive Officer Dara Khosrowshahi said Thursday. “No, we're in a good place,” Khosrowshahi told Bloomberg News after speaking at the Economic Club of Chicago, responding to a question about whether the ride-hailing giant will reduce headcount. His comments stood out among tech peers that have cut staff by the thousands. Uber's rival Lyft said last month it would reduce headcount by 13% and hive off its first-party vehicle business. Food-delivery giant DoorDash announced it would cut 1,250 ...