Uber cuts 10% of global workforce in biggest layoffs since the pandemic
Uber is cutting 3,300 jobs worldwide as it strips out management layers and merges teams, saying the savings will fund growth in areas such as robotaxis.
Uber, the ride-hailing giant, plans to cut approximately 3,300 jobs, constituting about 10% of its workforce, in its largest layoff since the Covid-19 pandemic, according to a report on September 2. This significant reduction aims to streamline the company's management structure and bolster decision-making capabilities amidst the emergence of robotaxis, which pose a growing threat to Uber's traditional ride-hailing business.
Uber CEO Dara Khosrowshahi explained the decision in a memo to employees, emphasizing that a leaner organization will lead to clearer roles, quicker decisions, and more resources dedicated to innovation. The cuts will see a 20% reduction in employees reporting seven or more levels up from the CEO and a nearly 50% reduction in small teams.
Uber also plans to invest over US$10 billion in robotaxi technology and promising autonomous-driving firms. This strategic shift underscores Uber's efforts to position itself as a leading marketplace for driverless rides. The layoffs, the company's biggest since May 2020, come amidst heightened competition and concerns over the impact of autonomous vehicles on Uber's business model.
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- Uber cuts 10% of global workforce in biggest layoffs since the pandemic euronews.com
- 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
