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Uber has cut employees from its self-driving car division as part of a second round of lay-offs. Uber is considering a plan to layoff as much as 20% of the company, The Information reported. Basically just buy their engineers + maybe the testing facility. Uber ATG would be overvalued. Uber commenced a third round of layoffs on Monday, TechCrunch's Megan Rose Dickey first reported. Monday's announcement marks the third round of layoffs at Uber in recent months, with the company cutting 435 jobs in its engineering and product teams in September. We've always pushed through tough times and come out the other side a better and stronger company—that will continue to be true tomorrow, and every day after. On Monday, self-driving technology company Aurora announced it was acquiring Uber's Advanced Technologies Group, or ATG, which houses its self-driving vehicle unit. But it would be a huge price cut. Here’s What It’ll Collect. The layoffs amount to roughly 1.5% of Uber’s workforce, which spans 22,263 employees, according to FactSet. It's not clear if the deal will lead to layoffs at Uber ATG. Uber reported that it had 26,799 employees as of June 30, 2019, but hasn't disclosed an employee headcount since then. It marks the third round of layoffs since August, with Uber cutting jobs in its engineering, product and marketing teams earlier this year. Uber is out of the self-driving vehicle game. We’re actively monitoring the COVID-19 situation and are continually working to help keep those who This is the first round of layoffs to directly affect Canadian Uber employees, as well as the first to hit Uber’s self-driving car arm, ATG. Uber will sell its self-driving car business to Aurora Innovation, a startup founded by the former head engineer of Google’s pioneering autonomous vehicle project. Days like today are tough for us all, and the ELT and I will do everything we can to make certain that we won't need or have another day like this ahead of us. ", Uber Reportedly in Talks to Sell ATG, Its Self-Driving Division, FAA Rules Pave the Way for Commercial Drone Delivery. Looking ahead: The Aurora-ATG acquisition would be the latest in a wave of industry consolidation, layoffs, and shutdowns amid Covid-19. The talks are reportedly late stage, after beginning in October. We're using this list to keep track of the talented people now looking for their next adventure. Read the full letter from Uber CEO Dara Khosrowshahi to employees: As you know, over the past few months, our leaders have looked carefully at their teams to ensure our organizations are structured for success for the next few years. There is a lot of discussion about why ATG failed, why it was being sold, etc. As recently as two years ago, Uber’s strategy was more typical of a high-flying startup—ripe with moonshots and internal experimentation. Shortly after Dara Khosrowshahi accepted his CEO role at Uber, he wrote in a letter to staff that “our true north will be determined over the long term.”, As its ride-hailing business limps and its deliveries soar, Uber is reportedly reconsidering whether its more exploratory projects—like self-driving vehicles—are part of that "true north.". This has resulted in difficult but necessary changes to ensure we have the right people in the right roles in the right locations, and that we're always holding ourselves accountable to top performance. Uber’s (NYSE:UBER) self-driving unit, Advanced Technologies Group (ATG), is being acquired by start-up competitor Aurora Innovation. ATG functioned as a skunkworks, testing AVs on the streets of Phoenix, Toronto, Pittsburgh, and San Francisco. Learn more about Uber Advanced Technologies Group and our mission to bring safe, reliable, self-driving transportation to everyone, everywhere. Today is the last wave of a process we began months ago with our Marketing team, and more recently, with Product and Engineering. Uber finished 2019 with roughly 26,900 employees, according to its annual report. One person familiar with the company's plans said … As part of the layoffs, Uber is expected to pay up to $145 million to employees via severance and other benefits, and up to $80 million in order … ¯ç’°å¢ƒã‚’実現する自動運転技術を開発しています。無人運転車両が活躍する未来の実現を Uber の自動運転技術がサポートします。 It’s also a high roller: As of June 2019, it had a reported post-money valuation of ~$2.5 billion. Listings Powered by … “We are working through the details with Aurora and will notify our teams in the coming weeks.” Uber is expected to begin another round of layoffs on Monday, a source with knowledge of the situation tells Business Insider. Shares of Uber climbed 3.2% following the news. In a May interview foreshadowing the potential sale, Urmson told Business Insider: “Consolidation is going to happen [in the autonomous-mobility business]....Some companies are going to be winners, but some are going to succumb, and the crisis could accelerate it. Add yours to the slido here. Since March, Zoox, Cruise, Ike, and Kodiak Robotics have all announced layoffs, while Starsky Robotics shuttered completely. link Uber ATG Sold To Aurora Aurora - 700 employees, Uber - 1,200. Based on the terms of ATG’s $1 billion fundraising round in Please note that not all departments were affected by the layoffs. Sign up for free newsletters and get more CNBC delivered to your inbox, Get this delivered to your inbox, and more info about our products and services.Â, © 2021 CNBC LLC. The deal, … In addition to taking advantage of the recession to issue thousands of layoffs and disband the blue-sky Uber AI Lab, the company sold most of its stake in its remaining self-driving arm (Uber ATG) while acquiring delivery firm Uber has laid off about 350 employees across several teams within the organization, including Uber Eats, the company confirmed Monday. Advanced Technologies Group, its autonomous driving division, on the streets Phoenix... S focused largely on self-driving truck technology on the streets of Phoenix, Toronto,,. Chris Urmson, a source with knowledge uber atg layoffs the company confirmed Monday Eats and its self-driving Group,! A reported post-money valuation of ~ $ 2.5 billion Uber has put Advanced Technologies,. Million a year Uber is considering a plan to layoff as much 20... 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