Uber Technologies will concentrate on its core businesses in ride-hailing and food delivery after the company announced a second round of job cuts during the coronavirus pandemic.
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Uber Technologies will eliminate 3 700 jobs and permanently close 180 driver service centres, the first in a series of cost-cutting measures to be announced in the next two weeks.
Uber Technologies is developing technology to detect whether its drivers are wearing masks or face coverings before they go online and accept trips, CNN reported.
Uber Technologies withdrew its financial guidance for 2020 and said it will write down about US$2-billion in investments after the coronavirus pandemic upended the ride-hailing business.
Ride-hailing company Bolt Technology, formerly known as Taxify, is seeking credit support from the Estonian government after banks turned down requests for loans.
The tech bubble is popping, but not in the way anyone expected. After years of fretting that free-spending start-ups with unrealistic valuations would bring down the start-up economy on its own, a global pandemic is doing it in instead.
Uber Technologies said it will deliver a first-ever quarterly profit by the end of the year, signalling that cost-cutting measures are exceeding even the company’s own recent expectations.
Uber Technologies will sell Uber Eats in India to local rival Zomato in a $172-million deal, underscoring the ride-hailing giant’s effort to cut back on loss-making operations.
Toyota is making a $394-million investment in Joby Aviation, one of the handful of companies with the seemingly implausible goal of making electric air taxis that shuttle people over gridlocked highways and city streets.
A robotic shark and dancing humanoid robots are among the more unusual gadgets on show at technology conference CES, offering…