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Uber to Cut 3,300 Jobs in Overhaul, Bloomberg News Reports
The company said the overhaul will reduce management layers and shift savings into ride-sharing, delivery and robotaxi investments.
- On Wednesday, Uber Technologies announced it will cut 3,300 jobs, or roughly 10% of its global workforce, as part of a restructuring aimed at reducing management layers and reallocating capital.
- CEO Dara Khosrowshahi explained in an email that Uber's growth created "more layers, more coordination, more fragmented ownership" that no longer serves the company well at its current scale.
- To make Uber "simpler and faster," the firm is reducing nearly 50% of its micro-teams and paring back employees sitting seven or more layers from the CEO by 20%.
- Khosrowshahi said the overhaul will generate savings to reinvest in growth and innovation, with Uber committing more than $10 billion to robotaxi partnerships over the coming years.
- Following the announcement, Uber is mandating that only about 1% of employees remain remote going forward, while shares of the ride-hailing firm rose 2% on the news.
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60 Articles
60 Articles
Uber wants to simplify the management structure, reduce the number of managers, and invest in the development of Radidschering.
·Kyiv, Ukraine
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Uber will eliminate 3,300 jobs, i.e. 10% of its global workforce. With this restructuring, Uber, known for its application of VTC and its services...
·Brussels, Belgium
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The driving service provider Uber is dissatisfied with its corporate structures. Now it is to be saved and rebuilt. Especially managers are affected by this.
·Düsseldorf, Germany
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Total News Sources60
Leaning Left3Leaning Right12Center11Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
12%
C 42%
R 46%
Factuality
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