Uber Technologies Inc (NYSE:UBER, XETRA:UT8) is cutting about 3,300 jobs, or roughly 10% of its global workforce, as part of a restructuring aimed at reducing management layers and shifting spending toward its core ride-hailing, delivery and robotaxi businesses.
CEO Dara Khosrowshahi outlined the changes in an email to staff, saying the moves are meant to make the company "simpler and faster." He said Uber's growth in recent years had created "more layers, more coordination, more fragmented ownership," structures he said no longer serve the company at its current scale.
The restructuring will cut the number of managers by 20%, though some of those employees will shift into individual contributor roles rather than lose their jobs outright.
Uber is also reducing the number of two-person teams by half and eliminating positions more than seven layers removed from the CEO.
Uber set a new cap limiting remote work to about 1% of employees, while maintaining its existing policy requiring staff to work from the office three days a week.
Khosrowshahi tied the restructuring to Uber's ambitions in autonomous vehicles, telling staff the savings would be reinvested in "the autonomous future." The company has committed more than $10 billion to robotaxi partnerships and has invested in Avride, Lucid Group, Nuro and Rivian Automotive.
"Our opportunity from here is enormous: we have the chance to bring Uber to hundreds of millions more people; to invest even more in drivers, couriers and merchants; and to innovate across our core businesses and build the autonomous future," Khosrowshahi wrote.
The cuts follow more targeted layoffs earlier this year in Uber's customer service and human resources departments, and mark the company's largest workforce reduction since the pandemic-era cuts of 2020.