Uber likely to shut down temporarily in California over new driver ruling, CEO says

[Spartan]

Uber says it will likely be forced to shut down operations in California for several months if it is required to classify drivers as full-time employees.

In an interview Wednesday on MSNBC, Uber CEO Dara Khosrowshahi said if the court does not overturn its recent ruling, “it’s hard to believe we’ll be able to switch our model to full-time employment quickly.”

Both Uber and Lyft have just days left to appeal a preliminary injunction granted by a California judge Monday that ordered both ride-hailing giants to treat their California drivers as employees instead of independent contractors.

That shift would guarantee benefits like overtime, sick leave, and unemployment for employees who make up much of the gig economy.

The lawsuit was filed by California Attorney General Xavier Becerra and the city attorneys of Los Angeles, San Diego and San Francisco under a new California law that says companies can only classify workers as contractors if they perform work “outside the usual course” of their business.

Lawyers for Uber and Lyft say drivers are not fundamental to the business, arguing the companies are “multi-sided platforms” whose activities encompass much more than transportation.

[sri_india]

Stock went up after this news as shutting down UBER operations are stopping cash burning .... 

[Spartan]

Just now, sri_india said:

Stock went up today on this news as shutting down UBER operations are stopping cash burning .... 

down undi kada..ekkada pergindi

[sri_india]

Just now, Spartan said:

down undi kada..ekkada pergindi

day starting lo 3% perigindi after this news ....

[Anta Assamey]

[reality]

Business model ni marchukommani cheppe right lavada courts ki ela undhi...

Uber drivers are like service providers themselves which is regulated and marketed by Uber and take the share...

Ilane chusthe youtube lo videos upload chesi hits thechhe vallani Google kuda FTEs cheyyali analemo... which excites @Catalpha’s ooramass youtube gang...

[MiryalgudaMaruthiRao]

put calls konta 

 

[Catalpha]

25 minutes ago, reality said:

Business model ni marchukommani cheppe right lavada courts ki ela undhi...

Uber drivers are like service providers themselves which is regulated and marketed by Uber and take the share...

Ilane chusthe youtube lo videos upload chesi hits thechhe vallani Google kuda FTEs cheyyali analemo... which excites @Catalpha’s ooramass youtube gang...

@Arey_enti_ra_idi

[Pitta]

[MiryalgudaMaruthiRao]