Uber lays off 3,300 employees in largest cuts since the pandemic
Summary
Uber has cut 3,300 jobs, about 10% of its staff, the largest reduction since the COVID-19 pandemic started. The company says this restructuring will help it work faster and focus more on its drivers, delivery workers, and business partners while preparing for self-driving car technology.Key Facts
- Uber laid off 3,300 employees, or 10% of its workforce.
- CEO Dara Khosrowshahi said the cuts aim to simplify management and make decisions faster.
- The number of "micro-teams" with very few employees will be cut by half.
- Uber is pushing for most employees to return to the office, allowing only about 1% to work remotely.
- In recent months, Uber also cut 10% of its customer service jobs due to AI adoption.
- Uber plans to invest $10 billion to grow its robotaxi (self-driving taxi) business.
- Revenue grew 18% from 2024 to 2025, reaching $52 billion, with a 12% increase in the second quarter of 2026.
- Despite revenue growth, Uber's stock has fallen 8% this year but rose slightly after the layoff announcement.
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