Uber's expansion into Oakland is being massively curtailed as the company opts to buy more property in San Francisco instead.
When the company announced in 2015 that it was building an extension of its headquarters in Oakland, the ride-hailing company promised that between 2,000 and 3,000 employees would be based in the Sears building it pledged to rehabilitate.
Going forward, Uber now only plans to install a few hundred employees, Uber's head of global workplace Adony Beniares told the San Francisco Business Times.
Uber is expanding its San Francisco headquarters - to an old Sears building in downtown Oakland.
Semiconductor company MaxLinear Inc. said it would buy Exar Corp., another semiconductor-technology firm, for about $661.6 million in cash, as MaxLinear seeks to build scale to boost growth.
The ride-hailing company is focused on shiny new digs in San Francisco instead.
Uber will dramatically curtail the number of employees it will move into its Oakland headquarters next year and instead expand in San Francisco, company officials said Monday. An Uber spokeswoman said the company wanted to take a th...