Uber to shed 10% of workers as it moves to cut costs and streamline
Summary
Uber is cutting about 10% of its workers, or roughly 3,400 jobs, to make the company simpler and more efficient. The company will also require most employees to work in offices, limiting remote work to about 1% of staff.Key Facts
- Uber will lay off around 10% of its global workforce, about 3,400 people.
- The company plans to remove extra management layers and simplify team setups.
- The job cuts aim to save about $1.7 billion, according to an outside financial report.
- Uber wants to invest more money in drivers, delivery workers, sellers, and new technology like self-driving cars.
- Most remote workers must move to work in Uber's main office locations.
- Only about 1% of employees will be allowed to work from home in the future.
- The CEO said working together in person helps team collaboration and problem-solving.
- Uber started as a rideshare company in 2009 but now also delivers food and other goods.
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