In a highly-anticipated regulatory filing to go public, Uber on Thursday announced its plans to pay out a one-time cash reward to over 1 million drivers for a total around $300 million.
According to the filing, around 1.1 million drivers will qualify for the cash payout. To qualify, drivers will have had to complete one trip in 2019 as of April 7, 2019, and be in good standing. Drivers will have had to complete a minimum of 2,500 trips on the platform to qualify.
The filing outlines four tiers of driver payouts based on total trips completed. Drivers who have completed between 2,500 and 4,999 trips will receive $100; those with a total trip count between 5,000 and 9,999 will receive $500; drivers who completed between 10,000 and 19,999 trips will receive $1,000. Drivers who have completed over 20,000 trips can expect to receive $10,000.
Uber has been criticized for its move to classify drivers on its platform as independent contractors. Under that classification, the company is not responsible for offering drivers minimum wage protection or benefits. In December, Uber changed its pay structure in some cities to prioritize trip time over distance driven, a move that was unpopular with drivers.
The payout amounts and trip tiers may be adjusted for international drivers on a region-by-region basis to account for differences in average hourly earnings by region, the company said in the filing.
Drivers will receive the one-time payment near the end of April 2019, and will receive the highest amount for which they are eligible, according to the company’s filing.
If you’re looking for a pair of wireless headphones with top-of-the-line noise cancelation technology , then you’ve come to the right place. Right now Amazon has the Sony Noise Canceling Headphones (certified refurbished) on sale for $259.99. That’s a $100 discount and the best price we’ve seen for top-rated wireless headphones. The Sony WH1000XM3 headphones...
Disney is stepping into the streaming ring against Netflix this year, and the company finally revealed the details of its upcoming streaming service, Disney Plus, during its investor day on Thursday. Disney Plus will launch on November 12 this year. It will cost subscribers $6.99 a month or $69.99 a year ($5.83 per month) at...