Uber, After Buying Postmates, Lays Off More Than 180 Employees
The departures include most of the executive team at Postmates, the food delivery app that Uber bought last year.
Uber bought Postmates last year for $2.65 billion. Food delivery has been crucial to Uber as its ride-hailing business has been hurt in the pandemic.Credit.Justin Sullivan/Getty Images
Published Jan. 23, 2021Updated Jan. 25, 2021
SAN FRANCISCO Uber on Thursday laid off roughly 185 people from its Postmates division, or about 15 percent of Postmates’ total work force, said three people with knowledge of the actions, as the ride-hailing giant consolidates its food delivery operations to weather the pandemic.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Independent Bank Corp. and Rockland Trust Company Appoint Warren Fields and James O’Shanna Morton to Board of Directors
January 21, 2021 GMT
ROCKLAND, Mass. (BUSINESS WIRE) Jan 21, 2021
Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced the appointment of Warren Fields and James O’Shanna Morton to its Board of Directors. Rockland Trust also simultaneously appointed Mr. Fields and Mr. Morton to its Board of Directors. Each of the appointments will be effective February 1, 2021.
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Warren Fields
Press release content from Business Wire. The AP news staff was not involved in its creation.
United Wholesale Mortgage, LLC and Gores Holdings IV, Inc. Announce Closing of Business Combination
January 21, 2021 GMT
PONTIAC, Mich. & LOS ANGELES (BUSINESS WIRE) Jan 21, 2021
United Wholesale Mortgage, LLC (“UWM”), the #1 wholesale and purchase mortgage lender in the U.S., and Gores Holdings IV, Inc. (“Gores Holdings IV”) (NASDAQ: GHIV, GHIVU, and GHIVW), a special purpose acquisition company (“SPAC”) sponsored by an affiliate of The Gores Group, LLC (“The Gores Group” or “Gores”), today announced the closing of their previously announced business combination, which hails as the largest SPAC transaction to date with a valuation of approximately $16 billion. In connection with the closing, Gores Holdings IV changed its name to UWM Holdings Corporation and will commence trading on the New York Stock Exchange (“NYSE”) under the new ticker symbol “UWMC” on Ja
By Natalie Alms
NOTE: This story first appeared on FCW.com.
The Biden administration tapped former officials to senior slots at the General Services Administration, but the nomination of an administrator is still to come.
Katy Kale, who served as GSA s chief of staff during the Obama administration, was appointed to the post of deputy administrator and will serve as acting head of the agency until a top official is appointed and confirmed. Kale led the new administration s GSA transition team
Sonny Hashmi was tapped to serve as commissioner of the Federal Acquisition Service. He was GSA s CIO and deputy CIO during the Obama administration.