In a harbinger of what’s to come for Uber, the company’s recently acquired subsidiary based in the United Arab Emirates said Monday it cut 536 employees, or 31% of its total staff. The move by the subsidiary, Careem, came after its ride-hailing business dropped by “more than 80%” amid the Covid-19 pandemic and “the recovery timeline is alarmingly unknown,” CEO Mudassir Sheika said in a blog post...
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Apple’s Hiccup, Blue Apron Gets Picked Up
It’s hard to feel sympathy for Apple, given how much money it makes ($9.2 million in net income every hour in the most recent quarter). But the flood of complaints on social media about overheating in the latest line of iPhones makes you feel a bit for the tech giant and its executives. Here’s a company that wanted to make its high-end phones lighter by using titanium, and what sounds like a...
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