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EasyJet and Ithaca Energy Enter FTSE 100

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Antir's President Warns on AI Risks

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Investment Opportunities in Saudi Healthcare and Sports

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Infilim IPO demand outstrips supply

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23 Hrs2026-09-02T18:06:00.000Z
Infilim IPO demand outstrips supply
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Uber reduces workforce by 10 percent

Uber reduces workforce by 10 percent

Uber has announced a plan to cut 10% of its workforce aiming to streamline the organizational structure and reduce costs, in order to boost the company's agility and improve efficiency. The changes include reducing small teams and cutting the number of employees reporting to a single manager by approximately half, as well as decreasing the number of management levels by 20%, with a greater focus on key hubs such as New York and San Francisco. About 1% of employees will have the opportunity to work remotely to clarify responsibilities and expedite decision-making processes. This move is part of a broader trend among major tech companies to adopt measures that enhance efficiency and simplify organizational structures.

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