Uber to shed 10% of workers as it moves to cut costs and streamline
CEO Dara Khosrowshahi said Uber is removing organizational layers and taking other steps to boost its efficiency.
Uber has announced that it will be laying off 10% of its global workforce, amounting to approximately 3,400 jobs, as part of a cost-cutting and streamlining initiative, CEO Dara Khosrowshahi announced in a message to employees. The company aims to simplify its organizational structure, boost efficiency, and invest more in drivers, couriers, and merchants, while driving innovation such as autonomous driving.
Khosrowshahi emphasized the importance of making deliberate choices about resource allocation. The company also announced a new location strategy, requiring most remote employees to relocate to office hubs, with only a fraction permitted to work remotely in the future.
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