Uber operates with 5 million drivers, but now it is reviving

Uber operates with 5 million drivers, but now it is reviving

Independent or freelance workers not only transport people who have booked a taxi through the Uber app, but also deliver food for the company.

The pandemic has had a major impact on industries like ride-hailing, and companies like Uber have been hit hard. With the easing of travel restrictions, the network (passenger) carrier is trying to get its passengers and drivers back. However, the strong recovery is not because Uber has suddenly become a company that favors “the self-employed”, reports BBC. Today, about 5 million drivers work with Uber. These independent or freelance workers not only transport people who have booked taxis through the Uber app, but also deliver food for the company. In the April-June period, 1.87 billion trips were booked through the Uber application. This means that in the second quarter of 2022, around 21 million trips were booked on the Uber platform every day. Uber shares have jumped more than 15 percent in recent months. Growth patterns suggest that Uber could become a consistently profitable business. The company generated $382 million in free cash flow in the second quarter. This reportedly contributed to its cash flow becoming positive. The number of drivers associated with Uber jumped by 31 percent compared to the previous year, confirmed the company’s CEO, Dara Khosrowshahi. Yet a year ago, they were struggling with an acute shortage of drivers. This was not only frustrating for Uber, but also for its passengers, who had to wait longer for taxis. Fuel prices around the world have risen quite sharply. In addition, the cost of living has skyrocketed. However, Uber has acquired more and more “gigaworkers”, Khosrowshahi claimed. There is no doubt that more people are using Uber today than before the pandemic. In light of rising gas prices around the world, this is unmistakable confirmation that drivers still see value in Uber. According to Khosrowshahi, despite this , Uber has been repeatedly criticized for its policies regarding the people who help the company grow . The company never treated the drivers as independent employees. In key markets such as the US, Uber classifies drivers as self-employed. By qualifying or recognizing its drivers as independent contractors, Uber can avoid almost all employee benefits and liability laws. Simply put, drivers working for Uber are not entitled to benefits such as minimum wage or vacation pay. Despite such conditions, the company has more drivers than ever before.Hardware, software, tests, interesting and colorful news from the world of IT by clicking here!

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