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Uber lays off 10% of its workforce in biggest cut since 2020
Los Angeles Times • • business
Key Points:
- Uber is laying off about 3,300 employees, roughly 10% of its workforce, marking its deepest cut since the COVID-19 pandemic, as announced by CEO Dara Khosrowshahi.
- The layoffs aim to simplify team structures, reduce coordination roles, and focus resources on key growth opportunities amid rising competition from robotaxi companies like Waymo and delivery services such as Instacart and DoorDash.
- Uber plans to reduce remote work significantly, requiring most employees to return to the office at least three days a week, with fully remote staff expected to drop to around 1%.
- The company currently employs about 34,000 people globally, and the layoffs will bring its headcount below 30,000, intending to create a more streamlined organization focused on building rather than managing.
- Uber’s stock rose over 2% following the announcement, despite underperforming the broader market this year, as traditional ride-hailing faces growing threats from autonomous vehicle services like Amazon’s Zoox and Alphabet’s Waymo.
