Uber to launch “on-demand labor” service for temp work

Following news of its plans to go public next year for an eyewatering $120bn, Uber plans to diversify its portfolio by entering the temporary recruitment industry


Uber is testing a new "on-demand labor" service, dubbed "Uber Works", which would be similar to a temp agency, according to the Financial Times.

Uber Works would use the ride-hailing app's on-demand model and apply it to a large database of contractors, aiming to provide a temporary workforce for events and corporate functions. It is currently in testing in Chicago.

This new development shows Uber's continued attempts to further diversify its portfolio and move away from being simply an on-demand taxi service. This news follows the breakout success of its Uber Eats food delivery service, launched in 2014, which was recently valued at up to $20bn by Morgan Stanley and Goldman Sachs.

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Uber appears to be following a model similar to competitors such as Amazon and showcasing its intent to tap into several industries ahead of its reported plans to go public in early 2019. Uber was recently informed by Wall Street banks that it could be set to value at as much as $120bn in its initial public offering (IPO).

Of the move, Financial Times stated: "Uber Works could help to persuade potential investors in next year's IPO that Uber is more than just a transportation service, instead pitching it as a broader platform for all kinds of flexible work and on-demand services".

Uber has so far declined to comment on Uber Works.

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