Uber cuts 3,300 jobs and 20% of managers in restructuring

Uber announced it is cutting approximately 3,300 jobs, about 10% of its global workforce, and reducing management roles by 20% as part of a restructuring aimed at reducing management layers and reallocating spending. CEO Dara Khosrowshahi stated years of growth created too many layers, with the workforce being brought back toward 2021 levels.

Detected & updated continuously · Source: Nebula

Story subjects

Uber Technologies, Inc.Dara Khosrowshahi

Sources

@PolymarketMoney

BREAKING: Uber is cutting 3,300 jobs and 20% of managers while redirecting savings toward more than $10,000,000,000.00 in robotaxi partnerships.

@FinanceLancelot

BREAKING $UBER to cut 3,300 jobs to restructure management

@KobeissiLetter

BREAKING: Uber, $UBER, is laying off 10% of its employees in a massive restructuring effort aimed at reducing costs. The layoffs will impact a total of 3,300 people and will reduce the number of managers in the company by 20%. The move comes as Uber has vowed to commit more

@qz

Uber is cutting 3,300 jobs to get leaner and bet bigger on self-driving: Uber is axing 10% of its workforce and shrinking management by 20% as CEO Dara Khosrowshahi says years of growth created too many layers and too little… https://t.co/prvzVOnUhL #Uber #Layoffs https://t.co/5fPvCykXyy

@business

Uber is cutting about 10% of its staff globally, in a massive restructuring aimed at reducing management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses. Read more: https://t.co/iykjizBIhL 📷: David Paul Morris/Bloomberg https://t.co/rnD0BjgX85

@StockSavvyShay

$UBER is cutting 3,300 jobs and 20% of managers as CEO Dara Khosrowshahi strips out layers and takes the workforce back toward 2021 levels. The savings are being recycled into growth with more than $10B planned for robotaxi partnerships as autonomy becomes a much bigger part of https://t.co/CKFsqKZSPJ

@schaeffers

Buried in the $UBER restructuring: Going forward, only about 1% of employees will be allowed to work remotely. The vast majority of remote employees are being asked to move to an office, with hybrid workers required in 3 days/week.

@solidintel_x

INTEL: Uber is laying off 3,300 employees, cutting 10% of its workforce and 20% of managers as it prepares to spend over $10B on robotaxi partnerships https://t.co/9NbNrvtAaB

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