Uber cuts 10% of workforce in major restructuring

Online taxi ordering service Uber Technologies will cut 3,300 employees — about 10% of the company's workforce.

Consensus

Uber is reducing its global workforce by approximately 3,300 employees.
The reduction represents about 10% of the company's total staff.
The move is part of a broader restructuring initiative.
The restructuring includes reducing management levels and consolidating teams.
Employees previously working remotely will be required to work in offices, with only two remote days per week allowed.
The company plans to reinvest savings into key business areas and increase pay for drivers, couriers, and sellers.
The announcement led to a rise in Uber's stock price on pre-market trading.
The company has around 34,000 employees.

This is the largest layoff at Uber since 2020, when Dara Khosrowshahi previously fired 6,700 workers. — kommersant
The number of managers in the company will be reduced by 20%. — interfax
The company will reduce the number of teams with one or two employees by half. — interfax
Uber plans to concentrate most employees in offices in New York and San Francisco. — kommersant
The company's market capitalization decreased by 7.9% since the beginning of the year to $153.7 billion. — interfax
Uber's stock rose 1.6% on after-hours trading. — kommersant