Uber is cutting 3,300 jobs despite double-digit growth as it makes room for its robotaxi future
On Wednesday, Uber CEO Dara Khosrowshahi announced the company will be cutting 3,300 jobs, a tenth of its workforce worldwide. It’s the biggest cut since COVID, when the ride-share app cut 14% of its workforce, amounting to 3,700 jobs.
TL;DR
- Uber is cutting 3,300 jobs, which is 10% of its global workforce.
- CEO Dara Khosrowshahi stated the layoffs are due to organizational restructuring and a need to operate 'faster and smarter,' not economic downturn.
- Savings from the restructuring will be reinvested in growth, innovation, and capabilities like autonomous vehicles.
- Uber is committed to investing $10 billion to bring autonomous vehicles to market at scale.
- The company aims to be the world's leading commercialization platform for autonomous vehicles.