Uber to cut 3,300 jobs in overhaul: Bloomberg
Uber, the ride-sharing and delivery company, announced plans to cut 3,300 jobs, or 10% of its global workforce, as part of a massive restructuring effort. CEO Dara Khosrowshahi explained in an email that the company's growth has led to more layers, coordination, and structures that are no longer suitable for its current scale. The cuts will reduce the number of managers by 20%, with some employees being reassigned to individual contributor roles.
The company aims to streamline its teams, reduce the number of small teams, and focus on core engineering, science, and delivery groups. Uber is also mandating that only 1% of employees can work remotely going forward. The company expects to save money to reinvest in growth, innovation, and the autonomous future, particularly in driver, courier, and merchant partnerships, as well as upgrades to its core business.
The layoffs follow targeted cuts in customer service and human resources, and are part of Uber's desire to use more AI to improve daily operations.
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