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Uber’s head of finance is out

Uber’s head of finance is out

Uber’s head of finance, Gautam Gupta, has left the company, the Wall Street Journal reports. His departure comes as Uber has reported losses of $708 million.

In Q1, Uber’s revenue was $3.4 billion, an 18% increase from its last quarter. Uber suffered losses of $708 million, not including employee stock compensation “other items,” the WSJ reports. In the three months prior, Uber’s losses were $991 million. On hand, Uber has $7.2 billion in cash, according to the report.

This means that in addition to looking for a number-two executive to team up with Uber CEO Travis Kalanick, Uber now also needs a head of finance. Uber has not had a chief financial officer since 2015, when Brent Callinicos bounced and ultimately joined Hyperloop One.

It’s been a rough year for Uber, between allegations of sexual harassment and a series of departures of top-level people at the company. Just last week, Uber lost its general counsel for the Middle East, Europe and Africa.

I’m expecting a call from Uber soon and will update this story when I hear back.


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Source: Tech Crunch

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