Uber president Jeff Jones quits after just six months

Uber president Jeff Jones quits after just six months

Uber president Jeff Jones is leaving the company after deciding that there have been too many controversies in too little time. But earlier this month, Kalanick seemed to torpedo Jones' authority by publicly announcing he was looking to recruit a Chief Operating Officer to run Uber.

"Over the last six months, Ryan and I have become increasingly convinced that our rapidly growing marketing efforts needed to be far more integrated with our city operations", Kalanick wrote in a post announcing Jones' hire.

He had previously worked for Target, and was credited with modernising the USA retailer's brand.

Unlike Jones, who ripped Uber's leadership on his way out the door, McClendon said his decision is based primarily on his desire to go back home. In a statement, former Target executive Jeff Jones said his approach to leadership was "inconsistent" with what he experienced at Uber.

Uber said in a statement on Sunday: "We want to thank Jeff for his six months at the company and wish him all the best". A month later, a former employee wrote a blog post about sexual discrimination she faced as an engineer at the company, prompting a company-wide independent investigation. "With Jones replacing board member Ryan Graves, who had always been referred to as "#2" by other employees, analysts touted the Jones arrival as a sign that the 8-year-old start-up was finally growing up by attracting top corporate executives that could comfortably handle the scale of a $20 billion and growing operation.

Bloomberg says that in the first nine months of previous year, Uber lost $2.2 billion on sales of $3.8 billion, and it suggests that projected losses of $3 billion in 2017 may actually be conservative.

CEO Kalanick also confirmed Jones' exit in a note to staff, obtained by Recode. It says this "crazy cash burn" is taking place as Uber operates with the lowest labor rates it may ever know.

Uber's senior vice president of engineering, Amit Singhal, resigned after a reporter from Recode informed the company that Singhal had left a prior job at Google following a "credible" allegation of sexual harassment. Part of Jones's mission at Uber was to help the unrepentant company was to soften its abrasive image. Oh. Ed Baker, the company's vice president of product and growth, also left in March, as did Charlie Miller, a security researcher and an important member of Uber's self-driving-technology team.

According to Forbes magazine, Uber's lofty value gives Kalanick a personal net worth of $6.3 billion. The company said it prohibited "its use to target action by local regulators going forward", and would review how it uses the software.

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