Uber asks NYC to cut minimum driver pay as price of used cars, gasoline drops
UBERUber(UBER) New York Post·2024-11-05 05:27

Uber on Monday sent a petition requesting cuts to New York City drivers’ minimum pay, citing recent drops in the price of used cards and gasoline.The rideshare giant asked the city’s Taxi and Limousine Commission to reduce the per-mile rate in its driver pay formula by 6.1% to $1.277 from the current $1.360, according to a letter obtained by The Post and first reported by Bloomberg News.Uber’s pleas are a last-ditch effort to minimize costs as the company sees customers pulling back on frequent rides. CEO D ...