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 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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- Uber to lay off 10% of staff in biggest cuts since COVID channelnewsasia.com
- Uber cuts 10% of global workforce in biggest layoffs since the pandemic euronews.com
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