Uber announces plan for Toronto engineering hub

Views: 360

Uber this week announced its highly ambitious plan for Toronto engineering hub slated for a high rise on Bloor Street East.

The facility, Uber’s eleventh engineering hub worldwide but its first in Canada, is expected to occupy the top five floors of a building at 121 Bloor Street East, which is near Church Street.

The facility will focus efforts on “developing the Uber Grocery business, product offerings and go-to-market strategy.”

Staff will also “leverage artificial intelligence and big data to create tools that analyze risk and generate intelligence that will help Uber make smart investment decisions,” the spokesperson said.

More than 200 staff will be relocated to the office for its opening, but it will eventually grow to accommodate more than 400 employees in “the coming years.”

ALSO READ:   Major changes at Tim Hortons will appeal to coffee drinkers

“The new Toronto engineering hub is just one part of a five-year, $200 million investment to grow Toronto’s booming tech ecosystem,” the backgrounder reads. “Uber is creating hundreds of local jobs with a mandate to attract international talent to the local tech economy and offer new opportunities for Canadian graduates to find employment at home.”

Uber says that the engineering hub will feature 468 desks, 60 conference rooms, 13 phone booths, 2 exterior terraces and a library.

It is clear that despite the cost of real estate in Toronto being higher than in places like Mississauga and Markham, tech companies are preferring to base themselves in Toronto in order to attract the right talent. Young people tend to want to live and work in Toronto. -CINEWS

ALSO READ:   Trump announces sanctions on Iran's metals sector
Comments: 0

Your email address will not be published. Required fields are marked with *