Uber cuts 600 jobs in India

Uber is cutting 600 jobs in India, or 25% of its workforce in the country, it said on Tuesday as it looks to cut costs to steer through the coronavirus pandemic. The job cuts, which affect teams across customer and driver support, business development, legal,...
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Hyundai reveals flying taxis for Uber Air

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Hyundai is working on flying taxis for Uber.  At CES in Las Vegas on Monday, the companies announced a prototype concept for a new plane meant to eventually pick up passengers who order flights through Uber Air’s flight-sharing service. Uber Air is supposed to take...
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Uber had an abysmal second day of trading

It’s not looking great for ride-hailing giant Uber (NYSE: UBER). Today, Uber closed its second day of trading down more than 18.8 percent from its IPO price at $ 37.25 per share with a market cap of $ 62.2 billion. Uber, which was previously valued...
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