Uber Cuts 10% of Workforce to Fund $10 Billion AV Push
Updated
Updated · CNBC · Sep 2
Uber Cuts 10% of Workforce to Fund $10 Billion AV Push
3 articles · Updated · CNBC · Sep 2
Summary
Uber said it will cut 10% of staff—about 3,300 jobs based on its 34,000 employees at end-2025—to simplify operations and free capacity for future investment.
CEO Dara Khosrowshahi said the overhaul will strip out management layers, cut small teams with one or two reports by nearly half, and reduce roles seven steps from the CEO by 20%.
The restructuring also combines teams, concentrates more employees in hubs such as New York and San Francisco, and leaves only about 1% of staff working remotely.
Uber tied the cuts to speed and efficiency rather than AI, while reaffirming plans to invest more than $10 billion in autonomous vehicles; shares rose nearly 2%.