InstaForex InstaForex

Prime News

Uber President Quits Amid Deepening Turmoil

Uber Technologies Inc.President Jeff Jones has announced his resignation from his post in the ride services firm currently embroiled in several controversies.

Jones' departure from the company comes less that seven months after he was hired in order to help shape up the firm's damaged image.

Issues the company faces ranges from employee's allegations of sexual harassment and toxic work environment, to the hostile behaviour of CEO Travis Kalanick. Last month an ex-employee published a blog which depicted Uber as a workplace where sexual harassment was commonplace and was not given due punishment.

In a published video, Kalanick was also put under the spotlight as he was seen talking aggressively at an Uber driver. After the incident exploded before the public eye, the Uber chief said he would look for help and he will fill the post of a chief operating officer. Internally, the plan was perceived as a demotion for Jones, who was appointed last year to lead the ride-sharing firm and was considered as second in command, according to sources.

Uber is also facing a legal challenge from Alphabet Inc.'s driverless car unit that has accused the firm of stealing the designs of its autonomous car tech called Lidar. Uber denied the allegations.

Recommend: Prime News
 
Tesla’s Bond Retreats Within Week of Auction
19 Aug 2017, 00:53 UTC+00   
Views today: 1351 
Oil Prices Surges Three Percent as Dollar Retreats
18 Aug 2017, 23:20 UTC+00   
Views today: 1350 
NY Fed Lifts U.S. Q3 GDP Growth Estimate Beyond Two Percent
19 Aug 2017, 00:10 UTC+00   
Views today: 1343 
‘Bitcoin Cash’ Soars on Bets of Faster Transaction Speeds
18 Aug 2017, 23:44 UTC+00   
Views today: 1328 

All Prime news

Start trading with
no risks and investments
With new Start-Up Bonus of $1000
Get bonus
55%
from InstaForex
on every deposit