Uber To Cut About 10% Of Global Workforce, Nearly 3,400 Jobs Likely To Be Hit
New Delhi: Uber Technologies is reducing its global workforce by about 10 per cent as part of an organisational overhaul aimed at consolidating operations. The cut translates to roughly 3,400 jobs based on the company's latest reported headcount. Uber cites need for leaner, faster organisation In a memo shared with staff, Uber CEO Dara Khosrowshahi said the company was removing layers,…
Uber is cutting about 10% of its global workforce, which could result in roughly 3,400 job losses, according to the company's latest headcount data. CEO Dara Khosrowshahi announced the move in a memo to staff, stating that the company aims to streamline operations and become leaner and faster.
Khosrowshahi explained that the restructuring will involve removing layers, simplifying team structures, and refining the global location strategy. The cuts will primarily affect roles focused on coordination, with management layers being reduced by 20% and micro-teams by nearly 50%. Uber is also consolidating roles into fewer hub cities and integrating previously separate teams, such as Delivery Operations, Technology, and Core Services.
The company cited its rapid growth over the past five years, which has nearly tripled its revenue, as the reason for the need to restructure. Khosrowshahi emphasized that while Uber remains committed to India as a key market, the restructuring is not a reflection of individual employees' contributions. The changes will generate savings that the company intends to reinvest in growth and innovation.
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