Uber has announced its largest job cut since 2020, removing 3,300 positions, nearly 10% of its global workforce. The decision is part of a restructuring plan aimed at reducing costs, simplifying operations, and consolidating teams. The company said the move will help speed up decision‑making and reduce management layers.
At the end of last year, Uber employed about 34,000 people worldwide. The latest layoffs follow the pandemic‑era cuts in May 2020, when 6,700 jobs were eliminated. Chief Executive Dara Khosrowshahi explained that the company needs to stay nimble in a competitive market, especially with rising challenges from autonomous ride‑hailing firms such as Waymo.
The restructuring will focus on consolidating teams in New York and San Francisco, while reducing the number of micro‑teams and reporting layers. Nearly 20% of employees who were seven or more levels below the CEO have been affected. Around half of small teams with only one or two direct reports have also been removed.
Uber continues to enforce its three‑day office presence rule, with only 1% of staff fully remote. Most employees are expected to relocate to designated hubs.
Market reaction was positive, with Uber shares rising about 2% in premarket trading after the announcement. Investors see the move as a step to strengthen long‑term competitiveness and improve efficiency.