Uber says laying off 'about 10%' of workforce worldwide
Uber is laying off approximately 10% of its global workforce to streamline operations and improve decision-making speed. The company is also exiting markets in Nigeria and Uganda as part of a broader strategy to focus on growth areas.
Why it matters
These layoffs highlight the ongoing shift in the tech sector from aggressive expansion to operational efficiency and profitability.
Ride-hailing giant Uber will be laying off around 10 percent of its staff as part of "significant organizational changes," CEO Dara Khosrowshahi said in a message to employees released on Wednesday.
"Today, we're making a number of significant organizational changes across Uber," Khosrowshahi said. "As a result, we will be reducing the size of our team by about 10 percent."
Uber has a total of roughly 34,000 employees with operations in more than 70 countries, according to a recent SEC filing.
The company said the layoffs were aimed at making the platform "simpler and faster" and at reducing coordination delays in what has become a sprawling operation.
"A leaner organization will mean clearer ownership, faster decisions, and more time spent building rather than coordinating," the message said.
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