Uber Technologies is eliminating roughly one in 10 corporate roles, about 3,300 positions, as CEO Dara Khosrowshahi streamlines management and shifts capital toward autonomous driving. Manager ranks fall by a fifth and total headcount drops to just under 30,000.
Uber Technologies is cutting about 3,300 roles, or 10 percent of its global workforce, in a restructuring aimed at reducing management layers and redirecting spending toward ride-sharing, delivery and robotaxi operations.
"Our opportunity from here is enormous: we have the chance to bring Uber to hundreds of millions more people; to invest even more in drivers, couriers and merchants; and to innovate across our core businesses and build the autonomous future," Chief Executive Officer Dara Khosrowshahi said in a companywide email obtained by Bloomberg News.
The cuts will reduce the number of managers by 20 percent, with some moved into individual contributor roles, an Uber spokesperson said. The company did not disclose what share of managers would be laid off, and the reductions also affect non-managerial staff. Uber is eliminating nearly half of its "micro-teams" of one or two members and paring employees who sit more than seven layers below the CEO, Khosrowshahi said. The company is also combining its three delivery operations teams for restaurants, retail and white-label service, and merging its core services engineering and science groups.
Shares erased earlier losses to rise as much as 1.7 percent in premarket trading after the announcement. The move follows more targeted cuts this year across customer service and human resources, and brings Uber's headcount to just under 30,000, roughly its 2021 level. Unlike Big Tech peers that have repeatedly shed staff while pouring money into artificial intelligence, Uber had avoided mass layoffs since the Covid-19 pandemic, saying in May it would moderate hiring.
Uber is also tightening its location policy, mandating that only about 1 percent of employees can work remotely going forward and concentrating global teams in New York and San Francisco hubs. Khosrowshahi said the savings will be reinvested in growth and innovation, with more than $10 billion committed to robotaxi partnerships in coming years. The company has already invested in Avride Inc., Lucid Group Inc., Nuro Inc. and Rivian Automotive Inc. while trimming stakes in other holdings.
The restructuring signals Uber is prioritizing operational efficiency and its autonomous-vehicle push over organizational breadth as it scales. Investors will watch for updated margin guidance and robotaxi deployment timelines in the company's next earnings report.
This article is for informational purposes only and does not constitute investment advice.
