Uber’s embattled CEO Travis Kalanick is resigning from the ride-sharing company he helped found in 2009.
The report states that five of Uber’s most prominent investors, including Benchmark, wrote a letter titled “Moving Uber Forward,” which recommended that the CEO step aside immediately. After hours of discussion, Kalanick agreed to resign.
With Kalanick’s resignation, Uber is now missing a CEO. Perhaps most damaging were the numerous reports of sexual harassment and discrimination at the company, which led to an external investigation into complaints that eventually resulted in more than 20 employees being fired.