Uber Announces Layoffs of 3,300 Employees as Part of Restructuring Efforts
Uber Technologies Inc (NYSE:UBER) announced plans to cut approximately 3,300 jobs globally, representing about 10% of its workforce. The move is part of a broader restructuring aimed at simplifying management layers and reducing costs. CEO Dara Khosrowshahi stated that the changes will streamline operations and redirect savings toward future investments. The decision follows Uber's recent adjustment to its growth outlook last month, which increased pressure on leadership to improve efficiency while continuing to invest in expansion opportunities. The restructuring also includes modifications to Uber’s global location strategy as outlined in an internal memo from Khosrowshahi.
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