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FORGOTTEN HISTORY: 2 - The Untold Story

Uber Cut 23% of Its HR Staff Days After Blowing Through Its Entire AI Budget in Just Four Months

Uber slashed 23% of its HR division on 3 June, days after its CTO admitted the company exhausted its 2026 AI coding budget in four months. The company denied AI was a factor.

International Business Times UK

Uber Cuts 23% of HR Team, Denies AI Was Behind Layoffs Despite CEO's Automation Warning

Uber Cuts 23% of HR Team, Denies AI Was Behind Layoffs Despite CEO's Automation Warning

Uber restructures its HR division, cutting 23% of jobs in People and Places to enhance efficiency. Despite AI's growing role, the company denies AI-driven layoffs, focusing instead on organisational streamlining and leadership changes.

International Business Times UK

AI Is Not Responsible: Uber Layoffs Hit 23% of HR and Recruitment Staff to Fix Complicated Teams

AI Is Not Responsible: Uber Layoffs Hit 23% of HR and Recruitment Staff to Fix Complicated Teams

Uber is implementing a major restructuring plan, cutting 23% of its People and Places division workforce to streamline operations and improve efficiency, unrelated to AI advancements.

International Business Times UK

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Uber slashes 23% of HR and recruitment jobs, says AI isn't the reason - here's why Uber is laying off employees

Uber layoffs 2026 reason explained: Uber is reorganizing its People and Places division, leading to layoffs affecting approximately 23% of its HR and recruitment teams. The company clarified these cuts are not AI-related but aim to create a more modern and efficient organization. These changes represent less than 1% of…

The Economic Times

Uber weighs higher bid for Delivery Hero: FT

Uber's board met to discuss increasing its offer for Delivery Hero after a major shareholder rejected a bid valuing the German firm at over 11.5 billion euros. Uber CEO Dara Khosrowshahi previously offered 33 euros per share, but a larger shareholder was rebuffed with a 38 euros per share proposal.

The Economic Times

Uber CEO says rideshare ‘freed up’ his son from having to get a driver’s license—and he’s one of many Gen Zers who aren’t willing to drive

“This drives me crazy. My son is over 18,” Dara Khosrowshahi said on a podcast. “I’m still trying to get my son to get his driver’s license.”

Expedia Group Marks 30 Years With AI Push, Uber and CLEAR Partnerships

Expedia Group (NASDAQ:EXPE) used a company event marking 30 years of Expedia to outline new partnerships, artificial intelligence initiatives and partner tools aimed at increasing traveler demand and simplifying travel operations. CEO Ariane Gorin said the company’s purpose remains “to help travele

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Uber CEO on Travis Kalanick; Micron’s warning to India

Uber CEO on Travis Kalanick; Micron’s warning to India

Dara Khosrowshahi told ET in an interaction that Uber is open to collaborating with founder Travis Kalanick. This and more in today’s ETtech Top 5.

The Economic Times

Uber open to teaming up with Travis Kalanick on autonomous vehicles: CEO Dara Khosrowshahi

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.

The Economic Times

Dara Khosrowshahi on Uber’s India bets, AI & jobs; Nvidia’s Simplismart bet

Dara Khosrowshahi on Uber’s India bets, AI & jobs; Nvidia’s Simplismart bet

Happy Monday! Uber CEO Dara Khosrowshahi sat down with ET to discuss the company’s ambitions in (and for) India, among other things. This and more in today’s ETtech Morning Dispatch.

The Economic Times

Uber still ahead despite stiffening competition, playing to win: CEO Dara Khosrowshahi

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.

The Economic Times

Uber CEO Dara Khosrowshahi on India bets, Travis Kalanick, jobs in the AI era & more

Uber CEO Dara Khosrowshahi on India bets, Travis Kalanick, jobs in the AI era & more

Uber CEO Dara Khosrowshahi anticipates India becoming its largest market in a decade, highlighting dynamic growth and talent. The company is investing in tech centres and a data centre partnership with Adani Group, while exploring logistics and local commerce opportunities.

The Economic Times

Rapido raises $240 million from Prosus, WestBridge, Accel; valuation hits $3 billion

Rapido raises $240 million from Prosus, WestBridge, Accel; valuation hits $3 billion

Urban mobility startup Rapido has secured $240 million in a funding round led by Prosus, valuing the company at $3 billion. This raise is part of a larger $730 million round and will be used to expand markets, grow its captain network, and enhance technology.

The Economic Times

India crowns Meta AI; More layoffs hit tech

India crowns Meta AI; More layoffs hit tech

India is now the ground zero for Meta’s AI push, WhatsApp chief Will Cathcart told us. This and more in today's ETtech Top 5.

The Economic Times

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The Economic Times

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.

The Economic Times

There's more to Uber’s India data centre bet than meets the eye

Uber is setting the stage for its first-ever data center in India through a strategic alliance with the Adani Group. This development not only accentuates India's pivotal role in the global tech arena but also highlights the significance of local data processing and artificial intelligence. For Uber, this venture paves…

The Economic Times

Uber's India data centre bet; Cyber cover meets AI risk

Uber will establish its first data centre in India with the Adani Group. This and more in today’s ETtech Top 5.

The Economic Times

Uber teams up with Adani for first data center in India

Uber CEO Dara Khosrowshahi announced a partnership with Adani Group to establish Uber's first data center in India. This facility, set to be operational later this year, will enable Uber to test and deploy technology, supporting its growth as a global innovation hub for the company.

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The Economic Times

Groww investors make bank; Mobikwik, Fractal's Q4 profits surge

Groww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5.

The Economic Times

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.

Former Goldman Sachs CEO got into Harvard University at just 16 from public housing in Brooklyn—and says higher education is still the best way of breaking into the middle class

Lloyd Blankfein, the former CEO of financial giant Goldman Sachs, says education is the “real accelerator” of wealth and success—hitting back at anti-college leaders like Peter Thiel.

Uber CEO says his ‘really demanding’ work culture includes expecting employees to answer his emails over the weekend: ‘Don’t come here if you want to coast’

Uber boss Dara Khosrowshahi says the most important skill in life is working hard: “I’m not going to let anyone outwork me.”

Uber CEO predicts most rides could be robot-operated within 20 years

Uber CEO Dara Khosrowshahi said business leaders must begin to contend with the encroaching AI job displacement wave.

Lyft introduces feature to help get teenagers out of the house: ‘The problems of 2026 are social isolation and too much screen time’

The rideshare app launched Lyft Teen on Monday allowing 13-to-17-year-olds to request rides on the app.

Don't Miss Out: Strangle Plays on These 3 Top 25 Unusually Active Options Gems!

There were 1,234 unusually active options on Wednesday. Among the top 25 Vol/OI ratios were three popular stocks: Peloton Interactive, Boston Scientific, and Uber Technologies. There’s an argument for both long and short strangles. Here’s why.

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