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Uber cuts 3,300 jobs in major restructuring

NEW YORK: Uber Technologies plans to eliminate about 3,300 corporate jobs worldwide. The cuts represent around 10% of the company’s global corporate workforce. CEO Dara Khosrowshahi announced the changes in a staff memo. He said rapid growth created unnecessary complexity across the company. Uber’s revenue has nearly tripled over the past five years. The company […]

We haven't written up this one. Daily Times has the full story — the link below goes straight to it.

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More in Business

Businesses still paying the price eight months on from catastrophic Moa Point failure

A damning Crown review has found no single decision or isolated failure caused the spill, but business owners say someone should be held accountable.

  • Catastrophic Moa Point failure in February caused untreated sewage flood.
  • Crown review found cumulative management and systemic failures, not single decision.
  • Business relief package insufficient, only 15 of 50 applications approved.

Apprenticeship numbers hit 15-year low

Industry insiders are putting the decrease down to the struggling economy, the expiry of various government subsidies, and several years of change in training policy.

  • Apprenticeship numbers hit 15-year low at 108,315 in 2023
  • Industry decline attributed to struggling economy, subsidy expirations, policy changes
  • Water sector needs 6,000 new workers due to $48B investment plan

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