Uber Technologies IncUBER
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Uber is cutting ~10% of its global workforce (~3,300 jobs) to streamline the organization and reduce costs for future investments.
Impact on stocks 1
Robotics & Physical AI
Uber Technologies IncUber Technologies, the U.S. ride-hailing giant, announced on the 2nd that it will cut approximately 10% of its global workforce. According to U.S. media, this amounts to about 3,300 employees. The company aims to streamline its organization, speed up decision-making, and reduce costs for future investments. The cuts will focus on roles primarily involved in coordination and managerial positions with only one or two subordinates. Additionally, the company will consolidate departments and reduce the number of employees working from home. In a letter to employees released the same day, CEO Dara Khosrowshahi emphasized, "The decision we made today is difficult, but it will help build a stronger Uber over the coming years."
Uber Technologies IncUber is cutting ~10% of its global workforce (~3,300 jobs) to streamline the organization and reduce costs for future investments.