Technet: Daily Crunch - Uber CEO says CA shutdown may be necessary

The big story: Uber CEO says CA shutdown could be necessary

Uber CEO Dara Khosrowshahi appeared on MSNBC today and claimed that if a recent California court ruling reclassifying drivers as full-time employees is not overturned, the company might have to suspend services in that state for several months.

“It's hard to believe we'll be able to switch our model to full-time employment quickly," Khosrowshahi said.

In a recent New York Times op-ed, the chief executive argued that making drivers full-time employees would make things worse for both drivers and riders. Instead, he advocated for other legislative solutions like requiring gig economy companies to create benefits funds for their workers.

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The tech giants

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Startups, funding and venture capital image

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