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Uber to cut more than 3,000 jobs in global restructuring
Uber says the cuts, about 10% of its workforce, are meant to reduce management layers and free money for reinvestment, while shares rose nearly 2% after the announcement.
Uber plans to cut more than 3,000 jobs worldwide, shrinking its global workforce by roughly 10% as part of a major restructuring intended to streamline operations. The company said the change will bring staffing back to levels last seen in 2021 and reduce management layers and smaller teams that it says slowed decision making.
In an email to staff, Chief Executive Dara Khosrowshahi said the overhaul would make Uber simpler and faster and position the company for its biggest opportunities ahead. Uber also said it plans to fold many of its smallest teams into larger groups, though it did not confirm which locations are most affected.
The restructuring comes as Uber increases investment in autonomous vehicle partnerships and expands its ride hailing, delivery, and robotaxi operations. It is also tightening its office strategy, asking nearly all employees to work in person at designated hubs and limiting remote roles to about 1%.
After the announcement, Uber shares rose nearly 2%, and the company said its workforce will return to just under 30,000 people, roughly where it was before its most recent expansion. BBC Business reported the move as one of Uber’s largest restructurings in years.