Uber has laid off about 185 Postmates employees, and plans to additional combine Postmates’ infrastructure inside its Uber Eats phase, The New York Times reported. Uber acquired Postmates in July for $2.65 billion, following a failed attempt to purchase rival meals supply service Grubhub.
Meal supply has been one vibrant spot for Uber amid the pandemic, as bookings in its Uber Eats division rose 135 percent year-over-year within the third quarter whereas its ride-hailing phase dropped 50 % over the identical time interval. It’s consolidated different components of the corporate in a bid to turn out to be worthwhile by the tip of 2021, selling its autonomous vehicles segment to Aurora Innovation in December, the identical month it sold its Uber Elevate flying taxi division to Joby Aviation.
The newest cuts will see Postmates founder and CEO Bastian Lehmann depart the corporate, together with most of its govt workforce, in response to the Occasions.
Uber Eats continues to path competing meals supply service DoorDash, which went public in December, and confirmed a quick interval of profitability over the summer season. In keeping with market analysis agency Edison Developments, within the fourth quarter DoorDash had 48 percent of the market share for meals supply companies, with the mixed Uber Eats/Postmates at 35 %.
Uber didn’t instantly reply to a request for touch upon Sunday.