Uber cuts 3,300 jobs in overhaul

• Uber announced plans to eliminate about 3,300 positions as part of a corporate restructuring.
• The cuts represent about 10% of Uber’s global workforce, while management roles will decline by 20%.
• Uber plans to redirect savings toward transportation, delivery, and robotaxi operations.

Uber Technologies (NYSE:UBER) announced plans to cut approximately 3,300 jobs as part of a workforce overhaul aimed at simplifying its corporate structure and reducing management layers.

The reductions represent about 10% of Uber’s global workforce, with the company also planning to reduce management positions by 20% and cut the number of very small teams by nearly half.

Uber stated that the restructuring will combine several internal groups, including engineering, science, and delivery functions, while consolidating restaurant, retail, and white-label operations.

Uber plans to redirect savings from the restructuring toward its core transportation and delivery businesses and its robotaxi operations, while changing its workplace policy by reducing fully remote roles to about 1% of its workforce.

Uber shares rose about 2% following the announcement as investors assessed the cost reductions, while execution of the restructuring and competition in autonomous vehicles remain key factors.

Uber Technologies operates ride-hailing, delivery, and mobility platforms, including its Uber rides, Uber Eats, and freight-related businesses.

The restructuring follows pressure on Uber’s stock from increased competition in autonomous transportation, as the company continues investing in mobility technology and operational efficiency.