04-September-2026
Markets and Finance
 
Why Uber is cutting 10% of its global workforce despite years of strong growth
03-Sep-2026

Uber Technologies is cutting about 10% of its global workforce i.e. roughly 3,300 jobs. The step is being taken as the ride-hailing company moves to reduce management layers, consolidate teams and free up resources for future investments, including autonomous mobility. Chief Executive Dara Khosrowshahi announced the restructuring in a message to employees on Wednesday, saying Uber needed to become a “simpler and faster” organisation after years of rapid expansion added complexity to its operations.

News Source:- https://www.financialexpress.com/business/news/why-uber-is-cutting-10-of-its-global-workforce-despite-years-of-strong-growth/4331001/?ref=hometop_hp