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Times of India·3 min read·medium

Uber layoffs: 3,300 jobs cut, CEO Dara Khosrowshahi says 'this is a lot of change'

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Uber layoffs: 3,300 jobs cut, CEO Dara Khosrowshahi says 'this is a lot of change'
AI Summary

Uber is laying off 3,300 employees, representing roughly 10% of its global workforce, as part of a major organizational restructuring. CEO Dara Khosrowshahi stated the move aims to reduce management layers and streamline operations, despite the company's current financial health.

Why it matters

This restructuring highlights a trend of major tech companies prioritizing organizational efficiency and leaner management structures over rapid headcount growth.

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Uber is cutting about 3,300 jobs, close to 10 percent of its global workforce, in the sharpest restructuring the ride-hailing company has attempted since the pandemic. The layoffs were announced on Wednesday in a companywide email from chief executive Dara Khosrowshahi, who framed the decision as a fix for an organisation that had grown too many layers between the people making calls and the people building products. Everyone affected has already been told, except in countries where local labour rules require a longer process.The scale is easier to grasp with the older numbers next to it. Uber had roughly 34,000 employees at the end of last year. After this round, headcount drops to just under 30,000, which is about where the company stood in 2021. The last time Uber cut deeper was May 2020, when it let go of about 6,700 people as lockdowns wiped out ride demand.

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