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Stock impact report

Uber Hires Amazon Exec to Fill Chief Technology Officer Role [TheStreet.com]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: TheStreet.com
Ride- and food-hailing app Uber Technologies(UBERGet ReportAMZNRathnam, who had been at Amazon since 2011 and was most recently a vice president in charge of product selection and catalog systems, will start Sept. 28. Announced within Uber’s ranks on Thursday, the hiring was first reported byThe InformationUber’s previous chief technology officer, Thuan Pham, stepped down in May after seven years at the San Francisco companyjust before it laid off more than 6,000 employeesThose layoffs continued this week, with the transportation and food-delivery giantannouncing on Wednesday that it will slash 30% of its jobs in the U.K.Rathnam joins Uber's C-suite at a tumultuous time for the ride-sharing company, which has suffered massively at the hands of the coronavirus pandemic and plunge in demand not only for ride-sharing but in the need for people to move from "A" to "B."Even with gains in its Uber Eats delivery business, the company still posted a wider-than-expected second-quarter loss of Show less Read more
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