http://www.nakedcapitalism.com/2017...ontrol-employees-eyeing-exits-press-finally-starts-question-business-model.html
The lead story at the Wall Street Journal describes how Uber, with its top ranks decimated and the company now run by an unwieldy 14 member committee, is begging employees to stay. From the Journal:
In the days after Travis Kalanick stunned Uber Technologies Inc.'s more than 15,000 employees by resigning as chief executive, the company's senior leaders made impassioned pleas reassuring them it is worth sticking around….
Months of unflattering headlines and an investigation into allegations of sexual harassment and sexism at Uber have taken a toll. In interviews, some employees expressed sadness over the company's now-tainted reputation, while others said they were upset with management for allowing its dirty laundry to be aired. Some said they were hopeful Uber could restore its reputation after adopting nearly 50 changes to improve its culture that resulted from an internal investigation into workplace conduct by former U.S. Attorney General Eric Holder's law firm…
Some employees said the uncertainty has made it hard to work, especially as they have watched co-workers pack up their desks. Others said they are considering leaving, fearful that Uber could face a struggle to raise new funds. On the other hand, some worry about missing on out a big payday if they leave before their stock options fully vest, which takes four years, or before a reinvention of the company culture.
"People are leaving because they feel like it's on fire," said Nora Hamada, a recruiter with Mirus Search, who said she has helped a handful of Uber employees find work at other startups....
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And this Mercury News story Friday, Uber sanctioned for refusing to comply with Moraga sexual battery investigation, judge calls company's record "horrific", sure won't help:
Uber was sanctioned Friday for its failure to comply with a search warrant for records on a driver suspected of sexually battering a female passenger for more than 10 minutes, with a judge calling its reputation for dealing with law enforcement "horrific."…
Before imposing a $1,000 sanction, which takes effect Monday if Uber hasn't submitted the records by then, Judge Clare Maier blasted the ride hailing company for its history of failing to cooperate with law enforcement, and said she was "very concerned" the company had an "ulterior motive" for its noncompliance in the Beker case.
$1,000? No wonder the company is thumbing its nose at the judge. But now is one of the few times that a story like this can do actual harm to the local ride company.
The lead story at the Wall Street Journal describes how Uber, with its top ranks decimated and the company now run by an unwieldy 14 member committee, is begging employees to stay. From the Journal:
In the days after Travis Kalanick stunned Uber Technologies Inc.'s more than 15,000 employees by resigning as chief executive, the company's senior leaders made impassioned pleas reassuring them it is worth sticking around….
Months of unflattering headlines and an investigation into allegations of sexual harassment and sexism at Uber have taken a toll. In interviews, some employees expressed sadness over the company's now-tainted reputation, while others said they were upset with management for allowing its dirty laundry to be aired. Some said they were hopeful Uber could restore its reputation after adopting nearly 50 changes to improve its culture that resulted from an internal investigation into workplace conduct by former U.S. Attorney General Eric Holder's law firm…
Some employees said the uncertainty has made it hard to work, especially as they have watched co-workers pack up their desks. Others said they are considering leaving, fearful that Uber could face a struggle to raise new funds. On the other hand, some worry about missing on out a big payday if they leave before their stock options fully vest, which takes four years, or before a reinvention of the company culture.
"People are leaving because they feel like it's on fire," said Nora Hamada, a recruiter with Mirus Search, who said she has helped a handful of Uber employees find work at other startups....
And this Mercury News story Friday, Uber sanctioned for refusing to comply with Moraga sexual battery investigation, judge calls company's record "horrific", sure won't help:
Uber was sanctioned Friday for its failure to comply with a search warrant for records on a driver suspected of sexually battering a female passenger for more than 10 minutes, with a judge calling its reputation for dealing with law enforcement "horrific."…
Before imposing a $1,000 sanction, which takes effect Monday if Uber hasn't submitted the records by then, Judge Clare Maier blasted the ride hailing company for its history of failing to cooperate with law enforcement, and said she was "very concerned" the company had an "ulterior motive" for its noncompliance in the Beker case.
$1,000? No wonder the company is thumbing its nose at the judge. But now is one of the few times that a story like this can do actual harm to the local ride company.
