Uber CTO Resigns

While Uber's food delivery business, Uber Eats, has seen an uptick in use as people stay home, it has failed to make up for the losses on the ride-hailing side. 

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Uber's Chief Technology Officer, Thuan Pham, is leaving the company, according to a filling with the Securities and Exchange Comission. Pham had been with the ride-hailing firm since 2013.

Multiple outlets are also reporting that Uber is pursuing cost-saving measures, including laying off about 20% of its staff. If that number is correct, about 5,400 employees would be left without jobs. 

Uber's core ride-hailing business has suffered as global shutdowns continue due to the COVID-19 pandemic. While Uber's food delivery business, Uber Eats, has seen an uptick in use as people stay home, it has failed to make up for the losses on the ride-hailing side. 

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