Key PointsUber to cut 3,000 additional jobs is cutting 3,000 more jobs less than two weeks after an initial round of layoffs, CNBC confirmed Monday.In an email to employees Monday, CEO Dara Khosrowshahi said Uber would also be shutting or consolidating 45 offices around the world and it is considering cuts to other businesses, such as freight.Uber shares were up as much as 9% on the news, which was first reported by . The stock ended the day up 3.5%."Our balance sheet is strong, Eats is doing great, Rides looks a little better, maybe we can wait this damn virus out...I wanted there to be a...…Key PointsUber to cut 3,000 additional jobs is cutting 3,000 more jobs less than two weeks after an initial round of layoffs, CNBC confirmed Monday.In an email to employees Monday, CEO Dara Khosrowshahi said Uber would also be shutting or consolidating 45 offices around the world and it is considering cuts to other businesses, such as freight.Uber shares were up as much as 9% on the news, which was first reported by . The stock ended the day up 3.5%."Our balance sheet is strong, Eats is doing great, Rides looks a little better, maybe we can wait this damn virus out...I wanted there to be a...WW…

Key PointsAirbnb to file confidentially for IPO in August: SourcesAirbnb is planning to submit a confidential filing with the SEC this month to go public, a source familiar with the matter confirmed to CNBC.Shares could begin trading by the end of the year. Airbnb declined to comment. The Wall Street Journal the news of its market debut. The company was expected to go public earlier this year but put those plans on hold due to the Covid-19 pandemic and , or roughly 1,900 employees, to cut costs. At the time, CEO Brian Chesky told employees that its 2020 revenue will be of what the...…Key PointsAirbnb to file confidentially for IPO in August: SourcesAirbnb is planning to submit a confidential filing with the SEC this month to go public, a source familiar with the matter confirmed to CNBC.Shares could begin trading by the end of the year. Airbnb declined to comment. The Wall Street Journal the news of its market debut. The company was expected to go public earlier this year but put those plans on hold due to the Covid-19 pandemic and , or roughly 1,900 employees, to cut costs. At the time, CEO Brian Chesky told employees that its 2020 revenue will be of what the...WW…

Key PointsIn this articleUber grants U.K. drivers worker statusOn the heels of losing a major labor battle in the United Kingdom, will reclassify all U.K.-based drivers as workers. Under the new designation, more than 70,000 drivers will receive some benefits, including minimum wage, holiday time and pension contributions, but they will not get full employee benefits. Uber announced the change in a Securities and Exchange Commission filing, adding that its U.K. ride-hailing business accounted for 6.4% of all mobility gross bookings in the fourth quarter of 2020. While the...…Key PointsIn this articleUber grants U.K. drivers worker statusOn the heels of losing a major labor battle in the United Kingdom, will reclassify all U.K.-based drivers as workers. Under the new designation, more than 70,000 drivers will receive some benefits, including minimum wage, holiday time and pension contributions, but they will not get full employee benefits. Uber announced the change in a Securities and Exchange Commission filing, adding that its U.K. ride-hailing business accounted for 6.4% of all mobility gross bookings in the fourth quarter of 2020. While the...WW…

Key PointsIt's 2019, and a $47 billion company is going public with an all-male board of directors.WeWork's parent known formally as the We Company disclosed who comprises its board in an initial public offering prospectus early on Wednesday. Among the seven members, not a single one is female. The company was most-recently valued privately at $47 billion although it's unclear if they'll receive the same price tag from the public markets.As of last month, . It's become a more-prominent issue in recent years as major investors, such as BlackRock and State Street, have pushed back against...…Key PointsIt's 2019, and a $47 billion company is going public with an all-male board of directors.WeWork's parent known formally as the We Company disclosed who comprises its board in an initial public offering prospectus early on Wednesday. Among the seven members, not a single one is female. The company was most-recently valued privately at $47 billion although it's unclear if they'll receive the same price tag from the public markets.As of last month, . It's become a more-prominent issue in recent years as major investors, such as BlackRock and State Street, have pushed back against...WW…

Key PointsAirbnb to lay off nearly 25% of its workforce as coronavirus disrupts global travelAirbnb plans to lay off nearly 1,900 employees, or about 25% of the company, a person familiar with the plans confirmed to CNBC.The layoffs were , which reported the news would be broken to employees by CEO Brian Chesky in a call starting around 3pm ET."We are collectively living through the most harrowing crisis of our lifetime, and as it began to unfold, global travel came to a standstill," Chesky told employees . "Airbnb's business has been hit hard, with revenue this year forecasted to be less...…Key PointsAirbnb to lay off nearly 25% of its workforce as coronavirus disrupts global travelAirbnb plans to lay off nearly 1,900 employees, or about 25% of the company, a person familiar with the plans confirmed to CNBC.The layoffs were , which reported the news would be broken to employees by CEO Brian Chesky in a call starting around 3pm ET."We are collectively living through the most harrowing crisis of our lifetime, and as it began to unfold, global travel came to a standstill," Chesky told employees . "Airbnb's business has been hit hard, with revenue this year forecasted to be less...WW…