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Uber's Terrible, Horrible, No Good, Very Bad 2017

By NexChange
Capital Markets

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Uber’s announcement on Monday that President Jeff Jones is leaving the company after less than a year on the job is just one of the many issues affecting the company.

Jones joined Uber after leaving his post as Target Corporation (NYSE: TGT)’s chief marketing officer late last year. His move from one of the biggest retailers to the relatively new Silicon Valley startup was seen as a sign that the ride-hailing app is established enough to attract top executives.

But Jones’ statement to Recode that he is leaving the company because his approach to leadership is “inconsistent” with what was seen at Uber is raising serious questions — especially ahead of its much anticipated initial public offering.

Sexual Assault Allegation

A former Uber engineer Susan Fowler explained in a personal blog post what drove her from leaving Uber. Within a few weeks of joining the company in 2015 she said that the work atmosphere “started getting weird” as her manager made it obvious that “he was trying to get me to have sex with him.”

Fowler expected Uber’s human resources team to handle the situation appropriately but “things played out quite a bit differently.” She was told by the human resources team that it won’t be giving the manager anything more than a warning because he is a high performer. In fact, she was only given the option of switching to another department or continue at her current job under the assumption she will receive poor performance reviews from the manager.

The bigger problem for Uber is that Fowler wrote that many other women at Uber suffer from similar experiences, …

Read more at Benzinga.

Photo: TechCrunch

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