This has not been a good week for Travis Kalanick, the CEO of Uber, who started the company back in 2009 has resigned from his position. The exit came from pressure by his investors after months of drama played out in the media exposing the company as having a workplace culture that included sexual harassment and discrimination. It has also been reported that Kalanick’s had a reputation as overly aggressive that “turned the company into the world’s dominant ride-hailing service and upended the transportation industry around the globe.”
The company’s sexual harassment claims also opened the door for more complaints in the company spurring an internal investigation, additionally Uber has also been dealing with intellectual property lawsuit from Waymo, the self-driving car business that operates under Google’s parent company, and a federal inquiry into a software tool that Uber used to sidestep some law enforcement.
Major investors demanded that the CEO resign immediately including one of Uber’s biggest investors Benchmark. The investors sent Kalanick a letter titled “Moving Uber Forward,” saying that the company needed a new change in leadership. While Kalanick has agreed to step down as CEO he will remain on Uber’s board of directors.
“I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight,” Mr. Kalanick said in a statement.