Uber ’s self-driving unit, Advanced Technologies Group (ATG), is being acquired by its start-up competitor Aurora Innovation, the companies announced Monday. Basically just buy their engineers + maybe the testing facility. Uber lays off 350 workers in final round of cuts, This nonprofit quadruples people's income in a year. As part of this exercise, some of our employees are being asked to relocate, and around 350 people will be leaving the company. "Days like today are tough for us all, and the [executive leadership team] and I will do everything we can to make certain that we won't need or have another day like this ahead of us," Khosrowshahi wrote. Atg to Aurora Saw a post in uber channel that would be interesting read for Aurora folks. Uber commenced a third round of layoffs on Monday, TechCrunch's Megan Rose Dickey first reported. Abboud said that there are 1,200 ATG … It’s slated to run out of cash by the end of 2021, reports Bloomberg. The 4-1-1: Aurora was co-founded by Chris Urmson, a former lead engineer for Google’s own self-driving project. Last year, Khosrowshahi tried to add time to the clock by spinning out ATG into an ~$8 billion subsidiary, bankrolled by its own investors. This month alone, Uber announced two separate rounds of layoffs that combined amount to the company cutting a quarter of its workforce year to … Uber is considering laying off more than 5,000 of its 27,000-strong workforce, the Information reported. 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. “We are working through the details with Aurora and will notify our teams in the coming weeks.” Since March, Zoox, Cruise, Ike, and Kodiak Robotics have all announced layoffs, while Starsky Robotics shuttered completely. We're using this list to keep track of the talented people now looking for their next adventure. Uber shut down its on-road testing for several months after that incident, and the program has faced lingering public skepticism ever since. 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. They could do an acqui-hire, like the Zoox deal. Looking ahead: The Aurora-ATG acquisition would be the latest in a wave of industry consolidation, layoffs, and shutdowns amid Covid-19. Other teams affected by the announcement include Uber's performance marketing segment, recruiting, its advanced technologies group and safety units, as well as several of its global rides and platform units. The layoffs amount to roughly 1.5% of Uber's workforce, which spans 22,263 employees, according to FactSet. Data is a real-time snapshot *Data is delayed at least 15 minutes. But, but, but: ATG eats up a lot of money—around $500 million a year. Since its 2017 launch, it’s focused largely on self-driving truck technology. All Rights Reserved. We’re actively monitoring the COVID-19 situation and are continually working to help keep those who link Uber ATG Sold To Aurora Aurora - 700 employees, Uber - 1,200. Uber has put Advanced Technologies Group, its autonomous driving division, on the chopping block, reports TechCrunch. according to an Uber spokesperson. Uber’s (NYSE:UBER) self-driving unit, Advanced Technologies Group (ATG), is being acquired by start-up competitor Aurora Innovation. And in September, Uber’s two largest shareholders, SoftBank and Benchmark, urged Khosrowshahi to raise more outside funding for ATG. 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. The company’s Advanced Technologies Group, which oversees its self-driving car program, … 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. Since March, Zoox, Cruise, Ike, and Kodiak Robotics have all announced layoffs, while Starsky Robotics shuttered completely. Its food delivery operations, a bright spot in terms of Uber has previously said the team consists of more than 1,200 people and today still employs more than 1,200, despite the layoffs. Uber ATG would be overvalued. Shares of Uber climbed 3.2% following the news. Today is the last wave of a process we began months ago with our Marketing team, and more recently, with Product and Engineering. We have proven ourselves to be not only one of the most ambitious and innovative companies in the world, but also one of the most resilient. Got a confidential news tip? Uber’s job cuts, office closures reflect narrower ambitions Uber, which for years burned cash in exchange for user growth, had also faced challenges even before coronavirus hit. Roughly 350 employees in Uber Eats, ATG, and product roles were let … Bloomberg’s Singh estimates that if Uber decides to divest itself of self-driving group ATG and freight, Uber could slice an additional $500 million and $100 million in annual expenses. It's not clear if the deal will lead to layoffs at Uber ATG. The San Francisco-based company's … Uber sent out a memo today announcing layoffs, including: "Given the necessary cost cuts and the increased focus on core, we have decided to wind down the Incubator and AI Labs and pursue strategic alternatives for Uber Works." ", Uber Reportedly in Talks to Sell ATG, Its Self-Driving Division, FAA Rules Pave the Way for Commercial Drone Delivery. A Division of NBCUniversal. Looking ahead: The Aurora-ATG acquisition would be the latest in a wave of industry consolidation, layoffs, and shutdowns amid Covid-19. Add yours to the slido here. WhatsApp’s New Policy: Users Must Share Personal Data With Facebook. Here’s What It’ll Collect. But it would be a huge price cut. Learn how you can leverage the Uber platform and apps to earn more, eat, commute, get a ride, simplify business travel, and more. 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. There is a lot of discussion about why ATG failed, why it was being sold, etc. It's not clear if the deal will lead to layoffs at Uber ATG. 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. Based on the terms of ATG’s $1 billion fundraising round in The latest round of job cuts at the company brings the total number to 6,700 since the pandemic’s start, including thousands of layoffs earlier this … 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.". Over the years, Uber’s self-driving unit has also been plagued by infighting, lawsuits, and losses. One person familiar with the company's plans said … Uber has just laid off around 350 employees across a variety of teams within the organization, marking what the company says is its third and final phase of layoffs of the process it … Aurora - 700 employees, Uber - 1,200. Uber most recently cut 3,700 jobs, 14% of its total workforce, earlier in May. The ride-hail giant on Monday announced that it sold its Advanced Technologies Group to self-driving car startup Aurora for $4 billion, ridding itself of a source of major cash burn. Please note that not all departments were affected by the layoffs. 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. ¯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。 Uber said Monday it will lay off about 350 employees across multiple divisions, including Uber Eats and its self-driving group. The layoffs amount to roughly 1.5% of Uber’s workforce, which spans 22,263 employees, according to FactSet. It is not yet clear if the acquisition will result in any layoffs. As always, we'll be at the All Hands tomorrow and will dedicate most of the time to answer your questions. ATG functioned as a skunkworks, testing AVs on the streets of Phoenix, Toronto, Pittsburgh, and San Francisco. “Aurora has committed to making offers to the majority of ATG employees,” an Uber spokesperson told The Verge. Listings Powered by … A spokesperson for Uber Canada told BetaKit on Tuesday that the restructuring does not change the company’s plans to hire several hundred new employees as part of its $200 million Canadian expansion and plan to build an engineering hub in the city. Uber is expected to begin another round of layoffs on Monday, a source with knowledge of the situation tells Business Insider. Uber said it would lay off about 3,500 employees, or 14% of its workforce, but the company said most of that would be in sectors closely related to … Uber CEO Dara Khosrowshahi announced the layoffs in a company-wide email. CEO Dara Khosrowshahi announced the layoffs in a company-wide email. Uber has cut employees from its self-driving car division as part of a second round of lay-offs. After being shopped around, ATG’s top suitor is also a key competitor: Aurora Innovation. 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. 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. 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. Uber is out of the self-driving vehicle game. We all have to play a part by establishing a new normal in how we work: identifying and eliminating duplicate work, upholding high standards for performance, giving direct feedback and taking action when expectations aren't being met, and eliminating the bureaucracy that tends to creep as companies grow. We want to hear from you. 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 Along with the sale — which represents a major discount from the $7.25 billion valuation the division had just Uber reported that it had 26,799 employees as of … The talks are reportedly late stage, after beginning in October. The deal, … Uber isn’t abandoning all of its cost-intensive side businesses. Uber just had to let go of a large portion of their team. It’s also a high roller: As of June 2019, it had a reported post-money valuation of ~$2.5 billion. Learn more about Uber Advanced Technologies Group and our mission to bring safe, reliable, self-driving transportation to everyone, everywhere. Khosrowshahi didn’t mention cuts at either of those two divisions in the Monday email, indicating an evaluation may still be underway. Uber in August laid off 400 employees from its marketing team. 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. In a Pittsburgh Business Times story, Uber ATG spokesperson Sarah Abboud declined to disclose how many Pittsburgh Uber workers were being let go. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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 … Uber has laid off about 350 employees across several teams within the organization, including Uber Eats, the company confirmed Monday. This time, ATG, Eats, Global Rides and Platform (Rides Ops, CommOps, Safety & Insurance, U4B, and Product Ops), Performance Marketing, and Recruiting have made changes. Uber finished 2019 with roughly 26,900 employees, according to its annual report. As recently as two years ago, Uber’s strategy was more typical of a high-flying startup—ripe with moonshots and internal experimentation. Uber is considering a plan to layoff as much as 20% of the company, The Information reported. From its self-driving Group still be underway late stage, after beginning in October headcount., despite the layoffs in a wave of industry consolidation, layoffs, and Kodiak have. 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