Uber Announces 10% Workforce Reduction Amid Rising Revenue and Profit
Uber Technologies announced plans to reduce its global workforce by approximately 10%, or around 3,400 roles based on a disclosed headcount of about 34,000 as of December 2025. The restructuring aims to simplify operations, remove management layers, and focus teams in key office hubs like New York and San Francisco. Despite the cuts, Uber reported strong financial results for Q2 2026: revenue rose 12.2% year-over-year to $14.19 billion, operating income increased by 30.3% to $1.89 billion, and net income attributable to Uber climbed 76.7% to $2.39 billion. Uber CEO Dara Khosrowshahi emphasized that the changes are driven by organizational design rather than business weakness. The company is merging teams such as Delivery Ops across different segments into unified structures at global levels, reducing remote work (only about 1% of employees will remain fully remote), and enforcing a three-days-a-week office policy to improve decision-making speed. The restructuring coincides with Uber's expansion into higher-growth areas like autonomous driving. In London, the company has launched supervised autonomous rides using Wayve-equipped electric Ford Mustang Mach-E vehicles through its app.
Tickers: $UBER
Topics: Corporate Strategy Financial Performance Layoffs Restructuring