Deals
Job Cuts Loom as Daimler’s Mytaxi Merges With London’s Hailo
- CEO Pinnington expects expansion of operations at Hamburg base
- Job cuts across tech, human resources, finance departments
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The merger of U.K. taxi-hailing app Hailo with Daimler AG’s Mytaxi will cut as many as 50 jobs at Hailo headquarters in London, Chief Executive Officer Andrew Pinnington said in an interview Wednesday.
Pinnington, who will become the CEO of the newly-merged Mytaxi, said about 60 percent of these job cuts would be programmers, developers and engineers while the remaining losses would be across support functions such as human resources and finance.