Uber Technologies will lay off about 3,300 employees, roughly 10% of its workforce, in a restructuring aimed at trimming management layers and cutting costs. The company will reduce staff seven or more reporting layers below CEO Dara Khosrowshahi by 20% and nearly halve its “micro-teams.” The cuts, Uber’s largest since 2020, follow a tough year for the stock, down nearly 8% amid concerns over competition from autonomous ride-hailing rivals like Waymo. Uber will also concentrate teams in New York and San Francisco and cap fully remote roles at about 1% of staff. The layoffs come as Uber has committed over $10 billion to robotaxi partnerships in the years ahead.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Jio Platforms opened its anchor book on Monday, October 19, two days before its ₹30,213…
Tesla, Meta, SpaceX and Netflix are entering a crucial week as quarterly earnings put their…
Crypto-native traders are chasing Zcash and Hyperliquid. Grayscale’s head of research, Zach Pandl, says the…
Jio Platforms’ initial public offering is drawing strong unofficial demand, with grey market premium (GMP)…
Former Commodity Futures Trading Commission Chairman Chris Giancarlo and venture firm Draper Dragon have publicly…
Japan’s Nikkei 225 fell 2% at Monday’s open, erasing roughly ¥23.5 trillion, or about $150…
