US Markets
Home›US Markets›M&A & Deals›Uber to cut about 10% of staff to speed up operations
Uber to cut about 10% of staff to speed up operations
The restructuring will shrink small teams by nearly half while allowing roughly 1% of employees to keep working remotely.
Uber will cut about 10% of its workforce as the company aims to make operations “simpler and faster,” CNBC Markets reports.
The plan includes reducing smaller teams by nearly half, while also allowing about 1% of Uber employees to continue working remotely.
The cuts and remote work adjustment are part of Uber’s broader effort to streamline how the company operates, according to the report.
← Newer storyBroadcom stock steady near $370 ahead of Q3 earningsOlder story →Mortgage applications rise 0.8% as 30-year rate hits 6.79%