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Tuesday , 26 September 2017
Breaking News

UBER CEO resigns

Travis Kalanick, the co-founder of Uber has resigned as chief executive of the $68bn start-up.

Just last week, Mr.Kalanick announced that he is going on an indefinite leave sighting the death of his mother.

Though Uber had long had a reputation for defying rules and regulations, the company faced a new kind of crisis in February when a former employee published a blog post describing a workplace rife with gender discrimination and sexual harassment.

In a statement Kalanick said, “I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight”

Following his leave, Kalanick had put day-to-day leadership in the hands of several employees who had reported directly to him. With his resignation, Uber is now missing most of its top-executives including CEO, COO, CFO, CMO and a host of other critical high-level positions following months of seemingly endless executive departures.

Several employees in the past have also been fired over incidents of harassment, retaliation, discrimination and bullying, dozens more were disciplined and 57 complaints remain under investigation.

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