Uber also recently laid off around 400 marketing personnel, around 1.5% of its total head count. The news comes shortly after Uber declared a loss of $5.2 billion for the second quarter, around $3.9 billion of which was due to stock-based compensation expenses associated with its initial public offering. It was also the first pilot city identified for the initiative, which aims to deploy commercial urban air taxi service in Dallas Los Angeles and Melbourne, Australia by 2023.ĭid not comment on how the Dallas expansion would influence its Uber Elevate Increase our commitment to the City of Dallas.”ĭallas was the site of the first Uber Elevate conference, in 2017. Uber is excited to bring this major investment to Texas and to

Was available in 2012, and since then Texas has been a hub of innovation for Investment to our city’s core, which has long driven our region’s explosiveĪ statement provided to, Uber CEO Dara Khosrowshahi remarked, “Dallas became the first city in Texas where the Uber app “Uber’s expansion will bring thousands of high-paying jobs and a $110 million

The Texas Enterprise Fund once those jobs are created.Īm thrilled for Dallas and for Uber Technologies,” stated Dallas Mayor Eric Johnson. Which plans to move into a new building in the Deep Ellum neighborhood justĮast of downtown Dallas, could also receive up to $24 million in grants from Among other requirements, the incentives are contingent upon Uber maintaining at least 2,500 jobs with a minimum average annual salary of $100,000 for 10 years starting at the end of 2023, The Dallas Morning News reported. 14: a five-year tax abatement of $746,000, plus up to $8.6 million in economic development grants. That includes about $9.3 million in economic incentives unanimously approved by Dallas City Council members on Aug. According to a report in The Dallas Morning News, Uber has been approved by state, city, and county leaders for nearly $36 million in tax breaks and economic development grants. 20, following the passage of economic incentive packages by local governments. The company announced its selection on Aug.

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