All articles tagged with #careem
Tech workers criticized Careem CEO Mudassir Sheikha after he wrote a LinkedIn post stating that the company doesn't want to hire people who prioritize pay or want to "clock in and clock out" of work. Some workers on Blind called the post "tone deaf" and "cringe," while others praised it for being honest about the company's culture. A spokesperson for Careem said the company offers competitive pay and a flexible work environment.
The Environmental Protection Agency has proposed aggressive emissions standards that will slash the amount of pollution emitted from tailpipes to protect public health. The new standards would apply to model years 2027 through 2032, and most automakers would likely meet the new standards by accelerating the shift to EVs. In other news, Careem, the Middle East-based ride-hailing company that Uber bought in 2019, is spinning out its super app business into a new startup backed with $400 million from Emirates Telecommunications Group Company. Meanwhile, Aurora issued a prospectus for a proposed mixed shelf offering to raise $350 million, and California regulators are taking legal action against Tesla to force the company to comply with a state investigation into allegations of unlawful harassment of and discrimination against certain Black Tesla workers.
Abu Dhabi-based tech holding company e& has acquired a 50.03% majority stake in Careem Technologies, a spinout of Uber-owned ride-hailing service Careem, with a $400m investment. Careem Technologies will focus on the growth of the company's "super app," which offers dozens of services beyond ride-hailing in one app. Careem's ride-hailing business remains fully owned by Uber. The investment will significantly accelerate Careem's goal to create "the first 'everything app' for customers across the Middle East," the firm wrote.