Uber Hails Former Amazon Exec as New Chief Technology Officer - TheStreet

Uber Hails Former Amazon Exec as New Chief Technology Officer

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It's highly likely that Sukumar Rathnam will arrive for his first day on the job as Uber Technologies' (UBER) - Get Report new chief technology officer in an Uber.

The ride- and food-hailing app announced this week that it hired Rathnam, a former Amazon.com  (AMZN) - Get Report executive, as its new CTO, filling a position that has been vacant for more than three months. 

Rathnam, who had been at Amazon since 2011 and was most recently a vice president in charge of product selection and catalog systems, will start Sept. 28. Announced within Uber’s ranks on Thursday, the hiring was first reported by The Information.

Uber’s previous CTO, Thuan Pham, stepped down in May after seven years at the San Francisco company just before it laid off more than 6,000 employees, or 25% of its workforce, as it grappled with a global, pandemic-related slowdown in ride demand.

Those layoffs continued this week, with the transportation and food-delivery giant announcing on Wednesday that it will slash 30% of its jobs in the U.K.

Even with gains in its Uber Eats delivery business, the company still posted a wider-than-expected second-quarter loss of $1.02 a share on sales of $2.2 billion, down almost 30% from the comparable year-earlier quarter. 

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