Uber is to cut 3,300 jobs, representing 10 per cent of its workforce
The reduction involves 3,300 jobs: this is the company’s largest workforce reduction since the start of the COVID-19 pandemic, and is aimed at better addressing the rise of robotaxis, which are eroding Uber’s ride-hailing business
“Today we are implementing a series of significant organisational changes across Uber. We are removing layers of management, simplifying team structures, refining our global market presence strategy and focusing our human resources and investments on the most important opportunities ahead of us. As a result, we will be reducing the size of our team by around 10 per cent. Everyone whose role has been affected has already been informed, except in countries where we will follow the relevant local procedures.” This was announced by Uber’s CEO, Dara Khosrowshahi, in a letter to the company’s employees published on the website.
Savings to be reinvested in growth
“The changes we are making today are designed to achieve two objectives: to make Uber simpler and faster, and to create greater capacity to invest in our future. A leaner organisation will mean clearer lines of responsibility, faster decision-making and more time spent on execution rather than coordination. It will also generate savings that we intend to reinvest in growth, innovation and the skills that will be most important in the coming years,” explained Khosrowshahi.
Competition from robotaxis
The staff cuts announced by Uber affect 3,300 jobs, representing 10 per cent of its total workforce. This is the company’s largest round of redundancies since the start of the COVID-19 pandemic, and is aimed at better addressing the rise of robotaxis, which are eroding Uber’s ride-hailing business.
