Ride service provider Uber is to cut ten percent of jobs
3,300 jobs are to be cut as part of a large-scale corporate restructuring. The company wants to streamline the management level above all.
Uber, the ride-hailing service provider, is cutting costs by reducing its workforce to bolster its core business and expansion areas. As reported by Bloomberg, the company plans to eliminate approximately 3,300 positions, accounting for about ten percent of its global workforce. This move aims to streamline management layers, as outlined in an email from Uber's CEO, Dara Khosrowshahi, to employees.
Khosrowshahi explained that a complex structure with multiple layers, increased coordination, and fragmented responsibilities has emerged during periods of rapid growth, which is no longer suitable for the company's current scale. In response, the CEO intends to reallocate funds towards Uber's core services, including ride-hailing, food delivery platform, other delivery services, and the robotaxi business.
The reduction in management ranks is expected to impact the number of executives by one-fifth, according to a spokesperson from Uber. Some affected employees will transition to roles without direct reporting, but the cuts are not limited to leadership positions. Additional reductions will target central development, data, and delivery organizations.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Fahrdienst: Uber will zehn Prozent der Stellen streichen handelsblatt.com
