Uber lays off 3,300 employees as it restructures for faster growth

Uber Technologies will cut about 3,300 jobs, representing roughly 10% of its global workforce, as part of a major restructuring aimed at reducing management layers and reallocating resources towards its core ride-hailing, delivery and robotaxi businesses.The job cuts will reduce the number of managers at the company by 20%, chief executive officer Dara Khosrowshahi said in an email to employees.An Uber spokesperson said some managers would be moved into individual contributor roles, while the layoffs would also affect employees who are not managers.Uber had about 34,000 employees globally at the end of last year, according to its annual report cited by Reuters.Uber seeks to cut layers and simplify teamsKhosrowshahi said Uber's rapid growth over the past five years had created greater complexity within the company.“Over the last 5+ years, Uber has grown by orders of magnitude, with our top line nearly tripling,” he wrote in the email, which was obtained…