Uber to cut 10% of jobs to adjust to market

Uber announced that it will eliminate approximately 10% of its global workforce, amounting to around 3,300 jobs, as part of a restructuring aimed at reducing management levels and redirecting resources toward the development of autonomous vehicles. CEO Dara Khosrowshahi explained that the company is striving to make its services simpler and faster by downsizing smaller teams and reducing managerial layers to seven, thereby enhancing investment in innovation and future technologies. Additionally, Uber plans to integrate its three operational teams responsible for dining, deliveries, and rides to cut costs, with a focus on advancing autonomous driving to compete with increasing rivals like Tesla, which is expanding its production of self-driving cars. This represents Uber’s largest job cut since the COVID-19 pandemic.

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