Uber plans 10% workforce cut to trim management layers
UBER•Management changes and remote-work limits
CEO Dara Khosrowshahi said the cuts would reduce organizational complexity that had slowed down Uber's decision-making and created roles focused on co-ordination.
Uber said it reduced the number of employees positioned seven or more reporting layers below the CEO by 20% and cut the number of "micro-teams," teams with only one or two direct reports, by nearly half.
The company will concentrate global teams in New York and San Francisco, require most remote workers to relocate and limit fully remote roles to about 1% of staff, while maintaining its three-day office policy.
Its shares rose about 2% in premarket trading following the announcement.
Uber to cut about 3,300 jobs in restructuring
Uber Technologies said on Wednesday it will cut about 3,300 jobs, or roughly 10% of its workforce, in a restructuring aimed at removing management layers, consolidating teams and reducing costs.
The company had about 34,000 employees globally at the end of last year, according to its annual report.
The layoffs would be Uber's largest since May 2020, when the company cut about 6,700 jobs, or nearly a quarter of its workforce, as pandemic restrictions crushed demand for ride-hailing services.
