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Uber board sued over alleged 'serial' compliance failures, sexual abuse lawsuits
Reuters51d agobearish
Uber board sued over alleged 'serial' compliance failures, sexual abuse lawsuits

Uber Technologies' board was sued on Monday by shareholders who accused management and directors of letting the ride-sharing ‌company cut corners on compliance, leading to thousands of lawsuits from victims ‌of sexual assault and harassment. In a complaint filed in San Francisco federal court, shareholders led by ​a Detroit pension fund said board members ignored repeated internal and external warnings about Uber's alleged failure to address sexual abuse by drivers. Shareholders said oversight failures were also a factor in lawsuits filed last year by the federal government, which accused Uber ‌of routinely refusing to serve ⁠disabled passengers, including people with service animals or stowable wheelchairs, and engaging in deceptive billing and cancellation practices.

Uber cuts jobs while chasing major new markets
TheStreet63d agobearish
Uber cuts jobs while chasing major new markets

At this point, any layoff news is not a surprise. And while the numbers often appear smaller in the company context, the impact on the people left to search for new jobs in this economy is significant. Despite the recent May jobs report, which said 172,000 new jobs were added, with over 90,000 ...