Oct 14, 2019

Uber lays off 350 employees in third round of cuts

Photo: Denis Charlet/AFP/Getty Images

Uber's ongoing layoffs continued Monday, with the company announcing cuts of about 350 employees across multiple units, including food delivery service Eats and its autonomous driving unit ATG, TechCrunch first reported and Uber confirmed to Axios.

Why it matters: This is the 3rd wave of layoffs in recent months at the company, which has been trying to cut costs and show investors a clearer path to eventual profitability. Uber's stock price, which is still not back to IPO levels, went up 4% on the news.

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Uber says it's likely to pay Waymo or revamp its self-driving tech

Illustration: Lazaro Gamio / Axios

Uber's long-running battle with Google-owned Waymo over rights to autonomous vehicle tech took a new twist this week, as Uber disclosed new obligations in a regulatory filing.

The impact: Uber says it will likely either have to pay Waymo a license fee or make changes to its autonomous driving systems that "could require substantial time and resources to implement, and could limit or delay our production of autonomous vehicle technologies."

Go deeperArrowNov 8, 2019

Uber CEO defends driver pay and "employment" status

In an interview with "Axios on HBO," Uber CEO Dara Khosrowshahi defended his company's position that drivers shouldn't be classified as employees, adding that pay is fair and that he wouldn't support a driver's union.

Why it matters: Uber and other gig economy companies are under increasing political pressure to provide higher wages and better benefits to their workers, and in California to stop classifying them as independent contractors.

Go deeperArrowNov 10, 2019

Podcast: Uber drives into money

Uber is the latest tech company to push into payments, joining Silicon Valley giants like Apple, Facebook and Google. Dan digs in with The Verge's Andrew Hawkins.

Go deeper: Uber sets up "Uber Money" division focused on financial services

Keep ReadingArrowOct 29, 2019