Uber expects to pay around $300 million in total payouts to more than 1 million qualifying drivers as a one-time reward

Robert Galbraith/Reuters

• In a regulatory filing to go public released Thursday, Uber announced its plans to pay out a one-time cash reward to more than 1 million drivers for a total around $300 million.
• Qualifying Uber drivers will receive the award at the end of April 2019, according to the filing.
• According to the filing, each qualifying driver in the US will receive either $100, $500, $1,000, or $10,000, based on the number of lifetime trips completed on the platform.
• To qualify, drivers will have had to complete one trip in 2019 as of April 7, 2019, and be in good standing. Drivers will have had to complete a minimum of 2,500 trips on the platform to qualify.
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In a highly-anticipated regulatory filing to go public, Uber on Thursday announced its plans to pay out a one-time cash reward to over 1 million drivers for a total around $300 million.

According to the filing, around 1.1 million drivers will qualify for the cash payout. To qualify, drivers will have had to complete one trip in 2019 as of April 7, 2019, and be in good standing. Drivers will have had to complete a minimum of 2,500 trips on the platform to qualify.

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from Business Insider http://bit.ly/2GjLeke