Uber is reducing its global workforce by approximately 3,300 employees, which accounts for 10% of its staff. This move represents the company's largest round of layoffs since May 2020, when it cut 6,700 positions during the pandemic.
The restructuring aims to simplify organizational layers and consolidate teams into major office hubs. Uber will also limit fully remote work to 1% of its staff, maintaining a policy that requires employees to be in the office three days per week.
CEO Dara Khosrowshahi stated that the changes are intended to streamline decision-making and generate savings for future investments. The company plans to reduce the number of employees positioned seven or more reporting layers below the CEO by 20%.
Uber intends to invest over $10 billion in robotaxis over the coming years. The company aims to transform its application into a marketplace for driverless rides provided by multiple operators, including partners like Waymo.
The company reported approximately 34,000 employees at the end of last year. Following the announcement of the restructuring, Uber shares increased by more than 2% in premarket trading, despite a decline of nearly 8% earlier this year.