Uber’s CEO Travis Kalanick Is Forced Out

First reported by The New York Times, Uber’s chief executive Travis Kalanick has resigned on Tuesday.

According to the Times report, a letter from five of the company’s major investors, including Benchmark, pushed Kalanick to step down.

“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,”
Kalanick said.

Uber has had a rough year so far with sexual harassment allegations and many executives leaving the company. It was just last week that board member David Bonderman, stepped down over a sexist remark that was made during the company’s all-hands meeting.

It’s not certain who will be the company’s next CEO, but Kalanick will stll remain on Uber’s board of directors.