Uber to lay off 10% of staff in biggest cuts since COVID
Uber cuts about 3,300 jobs, or 10% of staff, as it overhauls management and braces for rising robotaxi competition.
Uber plans to cut about 3,300 jobs, or 10% of its workforce, in its most significant layoffs since the COVID-19 pandemic. CEO Dara Khosrowshahi announced the reductions to streamline management and prepare for increased competition from robotaxis. The decision aims to reduce organizational complexity and improve decision-making speed.
Uber plans to invest over $10 billion in robotaxi technology in the coming years, positioning itself as a marketplace for autonomous vehicles. The company's cuts are the largest since May 2020, when it laid off 6,700 employees amid a pandemic-driven demand collapse.
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Also reported by 2 other outlets
- Uber to lay off 10% of staff in biggest cuts since COVID channelnewsasia.com
- Uber to lay off 10% of its workers in biggest cuts since Covid-19 straitstimes.com
