Thuan Pham, hired as chief technology officer of Uber by former CEO Travis Kalanick in 2013, leaves the company in three weeks, carpool giant revealed in SEC file published in article today The Information, according to which massive layoffs to Uber are being proposed to preserve some of the company’s shrinking capital reserves.
The store suggests that the proposed reductions could affect more than 20% of Uber’s 27,000 employees, about 800 of which could theoretically come from Pham’s engineering team, which currently employs 3,800 people.
An Uber spokesperson told Amir Efrati of The Information: “As you can imagine, society is looking at every possible scenario to make sure that we come to the other side of this crisis in a stronger position than never. “
Uber has been hit hard because much of the country and the world stays at home, waiting for a vaccine for – or at least more tests around – COVID-19. Uber said last Thursday it expects up to $ 2.2 billion in impairment charges in the first quarter due to the epidemic and a drop in revenues from $ 17 million to $ 22 million during the quarter. (The company will release its first quarter results next Thursday.)
Meanwhile, Pham became Uber’s top executive, going beyond not only Kalanick, who was forced to resign as CEO in 2018, but also members of Kalanick’s so-called “team”, trusted advisers. Included in this circle: Ryan Graves, who was one of the first employees of Uber to sit on the company’s board of directors until last May; Former Uber product manager Daniel Graf, who has since started his own business; Eric Alexander, who was president of Uber affairs in Asia and was dismissed in 2017 for investigating a rape in India; and Emil Michael, a controversial former executive vice president of Uber who left the company in 2017, but it is unknown whether he has resigned or been dismissed.
According to Business Insider, Pham – who was recruited by Kalanick of VMWare, where he had spent the past eight years – was expected to earn more than $ 200 million from Uber’s IPO last year. At the time, it held 5.4 million shares.
It’s an American success story. At the age of 12, Pham fled Vietnam with his mother and brother in a fishing boat that would carry dozens of other refugees. After spending 10 months in a camp in Indonesia which he described as having no sanitation and offering only a tarp over their heads, his family later arrived in Maryland and Pham, an excellent student. , finished his studies at MIT.
Pham then obtained a master’s degree in electrical engineering from the university before being called upon to work in Silicon Valley at the Hewlett Packard research laboratory.
He only stayed three years. In a long interview with CNN in 2016, he said he was bored at HP, so he joined Silicon Graphics, whose co-founder Jim Clark is said to have co-founded Netscape with a young Marc Andreessen. “It was an important decision,” he said at the point of sale, “but I broke my mother’s heart. She thought I was reckless. In his opinion, I should have stayed to build a career in a stable company like HP for 30 years and retired with a gold watch. “
Pham spoke at a start-up event in February, about a month before the Bay Area instituted its shelter rules on site. You can check out the conference below.